"The recent dramatic increase in the availability of Manhattan sublease space, especially from companies in the financial sector, gave Duval & Stachenfeld an unprecedented opportunity to significantly upgrade to a class A building in an excellent Grand Central location," says Paul Revson, executive managing director at Studley. Revson, who represented Duval & Stachenfeld along with associate director Zev Holzman, adds that the law firm will move over from 300 E. 42nd St. this summer. Technically, Revson and Holzman began representing Duval & Stachenfeld in its search for new Manhattan spaced while the two Studley agents were still at Staubach, according to a release.
Built in 1982, the 1.3-million-square-foot 101 Park is owned by H.J. Kalikow & Co. Its other tenants include Smith Barney, UBS AG and Tiger Management Co.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
