Stroock downsizes to 60K SF in Midtown

Storm damage at 180 Maiden Lane forces law firm to relocate

New York /
Nov.November 06, 2012 01:30 PM

Stroock & Stroock & Lavan will be crowding into tighter quarters for at least the next month, driven by storm damage at its Financial District headquarters. The law firm, which has a noted New York real estate practice, will be moving from its 200,000-square-foot office at 180 Maiden Lane for a 60,000-square-foot sublease at 601 Lexington Avenue, Crain’s reported.

Stroock plans to sublease the space — which occupies two full floors on the 59-story building between East 53rd and East 54th streets — from fellow law firm Kirkland & Ellis. At the end of November, Stroock may continue leasing the space directly from the building’s landlord, Boston Properties.

Senior partner Leonard Boxer told Crain’s that it was unclear when 180 Maiden Lane would be up and running again.

“They’re working on it desperately, but I don’t think it’s clear yet just when the problems will be fixed,” Boxer said, referring to the building’s landlord, SL Green Realty. “Everyone is doing the best they can but we can’t gamble; we need a place to work.”

SL Green released a statement saying that 180 Maiden Lane – which still lacks power and elevator service – was “the most impacted property” of its Downtown portfolio, but noted that most of its buildings in the area did not suffer extensive damage.–Leigh Kamping-Carder


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
From left: SL Green's Marc Holliday and Roc Nation's Jay-Z along with a rendering of the proposed Caesars Palace Times Square project (Getty Images, SL Green Realty Corp)
Jay-Z joins SL Green, Caesars casino bid
Jay-Z joins SL Green, Caesars casino bid
SL Green's Marc Holliday, AECOM's Troy Rudd and 100 Park Avenue (Getty, AECOM, LoopNet)
Construction giant saws off half of Park Avenue office space
Construction giant saws off half of Park Avenue office space
110 Greene Street, SoHo
Balenciaga plans new Soho store amid ad scandal
Balenciaga plans new Soho store amid ad scandal
Harbor Group International's Jordan Slone with with 51 West 52nd Street
TRD Pro: Top office sales of the past year
TRD Pro: Top office sales of the past year
Photo Illustration of SL Green CEO Marc Holliday (Getty)
SL Green hedges its bets, and that’s no casino pun
SL Green hedges its bets, and that’s no casino pun
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...