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Deals & Dealmakers

Warshaw Burnstein inks 40,000 s/f deal

The ownership of 575 Lexington Avenue announced today that it has signed a new 15-year, 40,383 s/f lease with Warshaw Burstein, LLP at its class-A office tower in Manhattan’s Plaza District.

With its roots going back to 1927, Warshaw Burstein is a mid-sized law firm with experience representing a wide range of businesses, financial institutions, and prominent families and individuals.

The firm will move from 555 Fifth Avenue, its location for more than 50 years, to the entire seventh floor of 575 Lexington in the summer of 2019.

The seventh floor is currently occupied by law firm Boies Schiller Flexner. Later this year, the firm will be vacating that floor, as well as the 35,865 s/f eighth floor and 29,770 s/f 12th floor, which ownership is currently marketing for lease.
“We are pleased to welcome Warshaw Burstein, which was drawn to 575 Lexington Avenue’s convenient Midtown location, the thoughtful improvements to the tower, and the existing installation on the seventh floor, which was ideal for the firm’s esteemed professionals,” said Peter S. Duncan, President and CEO of George Comfort & Sons.

“When selecting our next office, it was crucial that we find a space that was designed and situated for our legal professionals to continue their exceptional work as well as providing us room to continue on the growth path that we pursued for the past 10 years. The layout of 575 Lexington’s seventh floor, as well as the hands-on approach of ownership to provide a high-quality environment and leading tenant services, proved to be the perfect fit,” said Frederick R. Cummings, Jr., Managing Partner of Warshaw Burstein.

Warshaw Burstein was represented in the transaction by Michael Burgio of Cushman & Wakefield. The landlord was represented by David Falk, Ben Shapiro, Kyle Ciminelli and Michael Shenfeld of Newmark Knight Frank.

575 Lexington Avenue has recently undergone a series of renovations including a full redesign of the building’s lobby, construction of a new entrance and upgrades to the elevators, HVAC, and security systems.

A joint venture comprised of George Comfort & Sons, Angelo Gordon & Co. and Normandy Real Estate Partners acquired 575 Lexington Avenue in September 2015.

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