NEW YORK, May 23, 2012 – Cushman & Wakefield announced today that N.Y. law firm Lankler Siffert & Wohl LLP has renewed and expanded its lease at 500 Fifth Avenue, located at the corner of 42nd Street in Bryant Park.
Lankler Siffert & Wohl will renew its lease for 22,753 s/f on the lower level, 33rd and 34th floors, and will expand on the 35th floor, occupying an additional 5,119 s/f. The law firm, which is a longstanding tenant in the building since 1987, will occupy a total of 27,872 s/f in the Midtown Manhattan building, which serves as the firm’s headquarters office.
Cushman & Wakefield’s Harry F. Blair and Sean Kearns, exclusive leasing agent on the building, represented the landlord; 500 Fifth Avenue Inc. Ryan Kass and William Cohen of Newmark Grubb Knight Frank represented Lankler Siffert & Wohl LLP.
“Lankler has been a tenant at 500 Fifth Avenue for 25 years and was very interested in remaining in the Midtown Manhattan office tower,” said Harry F. Blair, a Cushman & Wakefield senior director. “The firm will expand on the 35th floor to accommodate its growth and will occupy three contiguous floors in the 10-year transaction. 500 Fifth is an exceptional location that offers great transportation and is adjacent to one of New York’s best year-round amenities in Bryant Park. Additionally, the views and natural light on all floors are exceptional and the window ratio and shallow floorplates are outstanding for law firms.”
Lankler Siffert & Wohl LLP represents individuals and entities in civil, regulatory and white-collar criminal matters before state and federal courts and grand juries, administrative and regulatory agencies, arbitration panels and professional disciplinary boards. The firm’s practice carries it into a broad array of business issues, with particular emphasis on matters involving the securities, commodities, banking and antitrust laws and claims of professional misconduct. The firm also regularly handles matters involving intellectual property, entertainment and employment disputes.
Built in 1931, 500 Fifth Avenue is a 680,000 s/f, Class-A, Art Deco skyscraper situated blocks from Grand Central Terminal. The tower runs from floors 38 to 58 and both the 53rd (6,787 rsf) and the penthouse of the building are available. The penthouse is a duplex consisting of the 58th and 59th floors (8,866 rsf) with the potential for two usable terraces and high ceilings throughout the space.