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Troutman Sanders Moves to 875 Third Ave.

NEW YORK CITY—The law firm, which has a big real estate practice, is relocating from the Chrysler Building.

By Rayna Katz | Updated on May 29, 2014

NEW YORK CITY—The law firm of Troutman Sanders, which has a sizable real estate practice here, is relocating to Eastgate Realty’s 875 Third Ave., where it will take more than 87,000 square feet, according to the Real Deal. The firm will take floors 15 through 17 in a 15-year deal at the 29-story tower, located between East 52nd and East 53rd streets. It will pay rents starting in the $50s per square foot, according to a source familiar with the deal.

The firm is moving from the Chrysler Building, at 405 Lexington Ave., where it occupies over 140,000 square feet, according to industry data. Troutman Sanders has worked on megadeals such as the Bank of China’s $600 million loan to Joseph Chetrit for 550 Madison Ave. A Troutman spokesman confirmed the deal to GlobeSt.com.

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