Law firm inks 25K sf sublease at 590 Madison

Greenspoon Marder will take space on the 18th floor
January 30, 2017 04:50PM

590 Madison Avenue (Credit: 590 Madison)

Florida-based law firm Greenspoon Marder is relocating to 590 Madison Avenue, after signing a sublease for 25,030 square feet at the building.

The firm is taking the space from law firm Crowell & Morning, Commercial Observer reported, citing CoStar data. The lease, which is for space on the 18th floor, will begin in June and expire in February 2024. Greenspoon Marder is currently located at 1270 Sixth Avenue, and the move means it is expanding its office space by 10,000 square feet.

Asking rent in the deal was not made available. A team from Savills Studley’s TRData LogoTINY led by Jeffrey Peck represented the tenant, according to the publication. Craig Reicher and James Ackerson of CBRE are the leasing agents for the space.

In 2015, NASCAR rented 14,000 square feet of space at the building. Asking rents in that deal were roughly $150 per square foot.

Berkshire Hathaway HomeServices New York City office, which opened earlier this month, is on the 37th floor of the 1 million-square-foot building.