NEW YORK CITY—The law firm Manatt Phelps & Phillips has decided to keep its New York City office in 7 Times Square, a building located on Broadway, between 41st and 42nd streets.
The firm will remain on the 22nd through 24th floors of Times Square Tower, renewing its 80,265 square-foot lease with Boston Properties. Additional terms of the deal were not disclosed. However, industry sources tell GlobeSt.com that current asking rents range from the low-$80s to the mid-$90s per square foot.
The Savills Studley team of Mitch Steir, Howard Nottingham, John Mambrino and Jason Perla represented Manatt in this transaction. The brokerage firm, which has served as Manatt's advisors for over 30 years, says they leveraged several aggressive proposals from other properties to negotiate very competitive economic terms including scalability. This enabled Manatt to renovate the space to satisfy its future needs.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
