Peter Sabesan and Nicholas B. Markel from Cresa have arranged new offices for Ballon Stoll Bader & Nadler, P.C. (Ballon Stoll) at 810 Seventh Avenue.
The lease term for the 6,000 s/f space is 11 years and includes 12 months of free rent. The Manhattan-based law firm is moving from 729 Seventh Avenue.
“We were able to negotiate excellent terms for our client, which was a key factor in their decision to relocate,” said Markel. “In addition, we were working with a preeminent landlord and leasing team open to having this highly-esteemed, credit-worthy tenant in their building.”
Added Ballon Stoll partner Vano Haroutunian, “After touring multiple subleases and direct space opportunities, we decided to move forward at 810 Seventh Avenue due to our clients’ familiarity with the neighborhood and the landlord’s ability to cater to our needs. There were a lot of attractive deals in the market, but the building and particular space we selected are top notch.”
Representing the landlord, SL Green Realty Corp. inhouse was Jeremy Bier and Barry Zeller, Cushman & Wakefield, Inc. The asking rent was $65 psf.