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Baker & Hostetler Re-Ups, Expands at Rock Center

NEW YORK CITY-The law firm renewed its lease and will be expanding the space, totaling 118,634 square feet at 630 Fifth Ave. in Midtown.

By Jacqueline Hlavenka | Updated on May 25, 2011

NEW YORK CITY-The law firm responsible for recovering massive amounts of funds from the $100-billion Madoff Ponzi scheme is staying put at its Midtown offices. Baker & Hostetler LLP renewed its lease and approved an 118,634-square-foot expansion at 630 Fifth Ave. in Rockefeller Center, CB Richard Ellis announced today. CBRE’s EVP’s John Maher and Paul Myers, along with SVP Tom Shirocky, represented the firm’s 15-year lease.

Maher tells GlobeSt.com that the law firm explored a number of options outside of Rockefeller Center, but the group decided to stay within the Plaza District. “Ultimately they have enjoyed their experience in Rockefeller Center and we were able to structure a deal that allowed them the flexibility they needed to grow,” Maher says. Asking rents in the Tishman Speyer-owned building range from $65 per square foot to $75 per square foot, he says.

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