Law Firm Hits Park Ave. Via Sublease

NEW YORK CITY—Boutique law firm Duval & Stachenfeld has subleased 33,000 square feet at 101 Park Ave. The sublease is for four years and comprises all of the 49-story tower’s 11th floor and part of the 12th. Terms of the deal and the sub-landlord were not disclosed; a source tells GlobeSt.com the space was occupied by the Royal Bank of Scotland.

“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.