Colliers International and Lee & Associates NYC have arranged a long-term relocation at 1251 Avenue of the Americas with law firm Bernstein Litowitz Berger & Grossmann LLP signing a 51,223 s/f lease for tower floor space.
Founded in 1983 Bernstein Litowitz Berger & Grossmann prosecutes class and private actions nationwide on behalf of individual and institutional clients.
The law firm, which will relocate within Midtown to its new space towards the end of 2015, will occupy the entire 44th floor, with additional space on the 41st floor and concourse level.
“Bernstein Litowitz Berger & Grossmann was looking for an elite address in Midtown that would also allow them to bring the bulk of their operations onto one floor,” said Robert Koslow, senior managing director with Colliers
International, who along with Lee & Associates NYC vice chairman and principal Howard Rosen co-brokered the lease on behalf of the tenant.
Peter Shimkin and David Falk of Newmark Grubb Knight Frank represented the landlord in the Bernstein Litowitz Berger & Grossmann transaction.
Rosen explained that the firm’s lawyers, conference rooms, and essential operations will be housed on the entire 44th floor, with ancillary services housed on the 41st floor, and storage on the building’s concourse level.
Completed in 1971, 1251 Avenue of the Americas is a 54-story, 2.4 million-square-foot office tower located within the
Rockefeller Center complex between 49th and 50th streets.
Additional tenants in the building include DLA Piper, Bank of Tokyo-Mitsubishi, and Mizuho Corporate Bank, among others.