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Simpson Thacher Re-ups for 595,000 SF

NEW YORK CITY-The agreement is for space in 425 Lexington Ave., which owner Hines has put on the block.

By Rayna Katz | Updated on April 08, 2013

NEW YORK CITY-The New York office of Hines announced Monday that Simpson Thacher & Bartlett LLP has executed an agreement to renew its lease for 595,000 square feet at 425 Lexington Ave.

Encompassing 26 floors of the 31-story building in Midtown, the lease will be reset to expire in 2033. Lewis Miller, vice chairman, brokerage services, Ken Rapp, vice chairman, global corporate services and Ramneek Rikhy, VP of CBRE represented Simpson Thacher in lease negotiations, while Hines represented the owner, its Hines US Core Office Fund.

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