Real Estate Weekly
Image default
Deals & Dealmakers

‘Sandy lawyers’get new offices

CBRE Group, Inc. announced that it represented the law firm of DeCorato Cohen Sheehan and Federico LLP in its 18,983 s/f office lease relocation to 90 Broad Street in Downtown Manhattan.

90 Broad Street
90 Broad Street

CBRE’s Roger Griswold and Jeff Sharon represented the tenant, who will occupy the entire 14th floor in a 15-year lease term with the building’s landlord, Princeton Properties. The law firm will move from its current location at 810 Seventh Avenue in January 2015.

Eight years into a 10-year lease at 110 Wall Street, DeCorato Cohen Sheehan and Federico LLP was displaced by super storm Sandy in October 2012, taking a two-year sublease at 810 Seventh Avenue. In January 2014, the firm began its search of a long-term location.

After an exhaustive search led by Messrs. Griswold and Sharon, the firm elected to return to Downtown with a long-term commitment that takes advantage of the rental value and incentives still available in the market.

“It was a rewarding experience in every sense for DeCorato Cohen Sheehan and Federico LLP to return to its roots as a true Downtown Manhattan law firm,” said Griswold. “We were particularly pleased that CBRE could aid this law firm in bringing a traumatic time to an ultimately happy conclusion.”

JLL represented Princeton Properties.

(Visited 1 times, 1 visits today)

Related posts

Columbia Pacific Advisors provides $115 million in loans to dynamic star for three New York City Developments 


Ariel Property Advisors arranges $9.2 million in financing for mixed-use property in Central Harlem


Suburban Philadelphia mixed-use project financed with $42.95M loan