Instead of landing a new tenant at 200 Liberty Street, Brookfield Office Properties agreed to hang on to law firm Richards Kibbe & Orbe and allow the law firm to renew its lease early.
Richards Kibbe & Orbe will continue to occupy 60,000 square feet on both the 28th and 29th floors at the 40-story building through 2020. Asking rent for the space was in the $60 per square foot.
“Brookfield saw that it’s better to sign up a lease and get that momentum and look like dealmakers,” Ted Rotante, a broker with Colliers International who represented Richards Kibbe & Orbe in the deal, told Crain’s.
Brookfield Office Properties executives Christopher Zizza and David Cheikin represented the landlord in-house. [Crain’s] — Mark Maurer