{"id":1004362052,"date":"2019-10-23T03:23:11","date_gmt":"2019-10-23T11:23:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004362052"},"modified":"2021-05-15T05:37:02","modified_gmt":"2021-05-15T13:37:02","slug":"katten-leases-125-ksf-at-historic-nyc-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/","title":{"rendered":"Katten Leases 125 KSF at Historic NYC Building"},"content":{"rendered":"<div id=\"attachment_1004362103\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004362103\" data-attachment-id=\"1004362103\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/50-rockefeller-plaza-new-york-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"50 Rockefeller Plaza, New York 1\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;50 Rockefeller Plaza. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png?w=800\" loading=\"lazy\" class=\"wp-image-1004362103 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004362103\" class=\"wp-caption-text\">50 Rockefeller Plaza. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Katten will soon make its home at 50 Rockefeller Plaza at Rockefeller Center in Midtown Manhattan. The law firm has inked a long-term lease with landlord Tishman Speyer to occupy 125,000 square feet of Class A space at the 516,300-square-foot office building.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/office-market-trending-towards-a-hospitality-mindset\/\">Office Market Trending Towards a Hospitality Mindset<\/a><\/p>\n<hr>\n<p>50 Rockefeller first opened its doors in 1932 and was known for decades as the Associated Press Building for its first anchor tenant. Katten will set up shop on five floors of the Art-Deco-style property, which also features 40,000 square feet of retail space, and will count Bank of America and TV Guide Magazines among its fellow tenants. The firm cites the 15-story tower&#8217;s presence at Rockefeller Center as a main draw, pointing to the famed mixed-use complex as a key feature for attracting and retaining talent.<\/p>\n<div id=\"attachment_1004362112\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004362112\" data-attachment-id=\"1004362112\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/50-rockefeller-plaza-new-york-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"50 Rockefeller Plaza, New York 2\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;50 Rockefeller Plaza. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png?w=800\" loading=\"lazy\" class=\"wp-image-1004362112 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-2.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004362112\" class=\"wp-caption-text\">50 Rockefeller Plaza. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Katten is scheduled to relocate to 50 Rockefeller from its current offices a half-mile away at 575 Madison Ave. in spring 2022. The law firm relied on its partners and a Cushman &amp; Wakefield team\u2014John Cefaly, Robert Lowe, Jon Herman and Evan Algier\u2014for representation in the lease transaction, while Tishman utilized in-house representation.&nbsp;<\/p>\n<h2><strong>Leasing lag<\/strong><\/h2>\n<p>Katten&#8217;s new commitment at 50 Rockefeller follows a slow period of leasing activity in Midtown Manhattan. Midtown recorded roughly 3.1 million square feet of new leases in the third quarter of 2019, marking the lowest quarterly total in more than six years and a 41.9 percent decrease over the previous three-year quarterly average, according to a report by Cushman &amp; Wakefield. Midtown may have been low on leasing activity in the three months ending at the close of September, but it wasn&#8217;t without a big-ticket deal, as <a href=\"https:\/\/www.commercialsearch.com\/news\/wework-signs-362-ksf-manhattan-lease\/\">WeWork signed a lease<\/a> for approximately 362,200 square feet at 437 Madison Ave. in the Plaza District. And looking ahead, a much larger deal appears to be on the horizon; as ABS Partners Real Estate notes in its third quarter report, Facebook is in talks to lease the entire 740,000-square-foot office segment at the newly rebranded Farley Building, Vornado&#8217;s redevelopment of the former James A. Farley Post Office scheduled for completion in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The law firm will occupy five floors of the 516,300-square-foot office tower in Midtown Manhattan.<\/p>\n","protected":false},"author":969,"featured_media":1004362103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1600,21742,10,21747],"tags":[35055,33250,32799,33918,33224,41600],"class_list":["post-1004362052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-abs-partners-real-estate","tag-bank-of-america","tag-cushman-wakefield","tag-rockefeller-center","tag-tishman-speyer","tag-vornado"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Katten Leases 125 KSF at Historic NYC Building - 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\/katten-leases-125-ksf-at-historic-nyc-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Katten Leases 125 KSF at Historic NYC Building\" \/>\n<meta property=\"og:description\" content=\"The law firm will occupy five floors of the 516,300-square-foot office tower in Midtown Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/\" \/>\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=\"2019-10-23T11:23:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T13:37:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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\/katten-leases-125-ksf-at-historic-nyc-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/\",\"name\":\"Katten Leases 125 KSF at Historic NYC Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\",\"datePublished\":\"2019-10-23T11:23:11+00:00\",\"dateModified\":\"2021-05-15T13:37:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/katten-leases-125-ksf-at-historic-nyc-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/50-Rockefeller-Plaza-New-York-1.png\",\"width\":800,\"height\":620,\"caption\":\"50 Rockefeller Plaza. 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