{"id":1004180823,"date":"2017-06-16T05:30:50","date_gmt":"2017-06-16T13:30:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180823"},"modified":"2017-06-16T05:30:50","modified_gmt":"2017-06-16T13:30:50","slug":"law-firm-signs-60-ksf-sublease-at-425-lexington-ave","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-60-ksf-sublease-at-425-lexington-ave\/","title":{"rendered":"Law Firm Signs 60 KSF Sublease at 425 Lexington Ave."},"content":{"rendered":"

By Corina Stef<\/p>\n

\"425<\/a>

425 Lexington Ave., New York City<\/p><\/div>\n

Holwell Shuster & Goldberg LLP has signed a 16-year sublease with Simpson Thacher & Bartlett LLP for 59,750 square feet of office space at 425 Lexington Ave., in Manhattan. HSG will relocate its office from 750 Seventh Ave., by the end of the year, with plans to occupy\u00a0the building\u2019s 12th through 14th floors due to its current sublease expiration. Savills Studley Senior Managing Director Craig Lemle<\/a> and Nick Zarnin represented the tenant in the transaction.<\/p>\n

\u201cHSG wanted built<\/em>, fully furnished law firm space in Midtown for its rapidly growing practice,<\/em>\u201d Zarnin said in a prepared statement. \u201cBy starting the search early, we were able to find a space that checked all the boxes and will allow HSG to grow into a premier office building at an attractive rent.<\/em>\u201d<\/p>\n

Diversifying the tenant mix<\/h2>\n

The JP Morgan Asset Management-owned, Class A, 31-story property comprises 750,000 square feet of office space and 13,400 square feet of retail space, according to Yardi Matrix. Managed by Hines, the tower was built in 1987 and has been fully occupied by the Canadian Imperial Bank of Commerce and Simpson Thacher since its completion.<\/p>\n

Located in Midtown East, the building\u00a0sits across from Grand Central Terminal. The asset is bounded by restaurants, hotels, retailers and other iconic buildings such as the Chrysler Building and the Graybar Building, to name a few.<\/p>\n

Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In a deal brokered by Savills Studley, Holwell Shuster & Goldberg LLP will occupy three floors in JP Morgan Asset Management’s Class A tower.<\/p>\n","protected":false},"author":241,"featured_media":1004180825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[36218,32972,32775,34333],"class_list":["post-1004180823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-holwell-shuster-goldberg-llp","tag-jp-morgan-chase-company","tag-savills-studley","tag-simpson-thacher-bartlett"],"acf":[],"yoast_head":"\nLaw Firm Signs 60 KSF Sublease at 425 Lexington Ave. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-60-ksf-sublease-at-425-lexington-ave\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Law Firm Signs 60 KSF Sublease at 425 Lexington Ave.\" \/>\n<meta property=\"og:description\" content=\"In a deal brokered by Savills Studley, Holwell Shuster & Goldberg LLP will occupy three floors in JP Morgan Asset Management's Class A tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-60-ksf-sublease-at-425-lexington-ave\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-16T13:30:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/425-lexington-signature_hres_web.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-60-ksf-sublease-at-425-lexington-ave\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-60-ksf-sublease-at-425-lexington-ave\/\",\"name\":\"Law Firm Signs 60 KSF Sublease at 425 Lexington Ave. - 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