Real Estate Weekly
Image default
Deals & Dealmakers

Law firm inks long-term lease at 810 Seventh

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.

NICK MARKEL

“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.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million

REW

Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building

REW

Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando

REW