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Deals & Dealmakers

Cresa Arranges 2 nd Office Expansion for Ballon Stoll Bader & Nadler, P.C.

Nicholas B. Markel

Peter Sabesan, Managing Principal, and Nicholas B. Markel, Vice President of Cresa have assisted Ballon Stoll Bader & Nadler, P.C. (“Ballon Stoll”) in nearly doubling its current office footprint at 810 Seventh Avenue. In less than 16 months, the venerable, full-service law firm is adding 4,324 square feet to its original 6,000-square-foot space, resulting in a newly expanded 10,324-square-foot office. The lease for the original space was signed in September 2020, with the firm relocating from 729 Seventh Avenue.

“Not only were we able to acquire contiguous space, the new lease is also coterminous to the original 11-year term,” said Mr. Markel. “It is an ideal solution to accommodate this prestigious law firm’s need for additional space with minimal disruption.”

Added Mr. Sabesan, “Ballon Stoll moved to 810 Seventh Avenue during the height of the pandemic because the practice required additional space and we were able to acquire favorable terms. That they are again expanding in a relatively brief a period of time, not only reflects well on this particular practice, it is a testament to the city in which they are based!”

Landlord, SL Green Realty Corp. was again represented inhouse by Jeremy Bier, Vice President, and Barry Zeller, Executive Managing Director, Cushman & Wakefield, Inc.

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