After mulling over a lease for a massive space at the Rockefeller Group’s McGraw-Hill Building, law firm White & Case has grabbed 440,000 square feet there.
The firm’s current New York digs are at 1155 Sixth Avenue, where it has leased 300,000 square feet. The World Trade Center was under consideration as its new location, but the firm went with 1221 Sixth Avenue. The move will occur in 2017, the year after the current lease expires.
Average asking rents at 1221 Sixth Avenue are $78 per square foot. Cushman & Wakefield broker John Cefaly and Rockefeller Group’s Ed Guiltinan jointly represented the landlord. JLL represented the tenant, the New York Post reported. [NYP] — Mark Maurer