The Real Deal New York

Hogan Lovells eyeing 250K sf spread at 55 Hudson Yards

On heels of Boies deal, multiple law firms said to be checking out 51-story tower
By Mark Maurer | June 23, 2015 02:05PM

Law firm Hogan Lovells is looking to move its New York City office west as it checks out space in Hudson Yards, most recently a 250,000-square-foot spread at 55 Hudson Yards, The Real Deal has learned.

The proposed 1.4 million-square-foot, 51-story tower at 55 Hudson Yards is being developed by Mitsui Fudosan, the Related Cos. and Oxford Properties. Earlier this month, the developers signed their first office tenant – law firm Boies, Schiller & Flexner – for 83,000 square feet.

The Washington, D.C.-based Hogan Lovells, which has advised clients such as Apple, Dell and the Republic of Ecuador, has more than 40 offices globally. Its New York office has been located at Eastgate Realty’s 875 Third Avenue in Midtown East since 2002. There, the firm occupies about 111,000 square feet across three floors until the lease expires in 2017, according to CoStar data.

Move-ins for office tenants at 55 Hudson Yards are slated for 2018. Average asking rent ranges from $85 to $105 per square foot.

“We have had tremendous interest in the building and are in talks with several high-profile legal firms, but cannot comment on their identity,” a spokesperson for Related told TRD.

Newmark Grubb Knight Frank’s Mark Weiss, who represents Hogan Lovells, declined to comment.

Elsewhere in the neighborhood, Skadden, Arps, Slate, Meagher & Flom signed a lease for 550,000 square feet at Brookfield Property Partners’ 1 Manhattan West last year.