The Real Deal New York

Greenberg Traurig finalizes big office lease at One Vanderbilt

Law firm signs 15-year deal for up to 140K sf
January 26, 2018 12:15PM

Greenberg’s Robert Ivanhoe, SL Green’s Marc Holliday and One Vanderbilt

Greenberg Traurig finalized a lease for four contiguous floors at SL Green Realty’s One Vanderbilt.

The law firm inked a 15-year deal in the under-development Midtown East tower, the New York Post reported.

The exact square footage wasn’t immediately clear, sources told the Post it was in the range of 130,000 to 140,000 square feet.

Greenberg occupies 200,000 square feet nearby at the MetLife building just a short walk away at 200 Park Avenue. The law firm was in talks to split its space between One Vanderbilt and the Graybar Building nearby at 420 Lexington Avenue, as The Real Deal reported when it broke news of the negotiations in December.

Greenberg executive chairman Richard Rosenbaum told the Post that the company’s new Manhattan headquarters will function “in concert with a combination of alternative nearby locations to create an office campus.”

SL Green is one of Greenberg’s frequent clients. The law firm represented the fir in its $2.5 billion purchase of 11 Madison Avenue and the $453 million sale of the leasehold at the Lipstick Building. Robert Ivanhoe, head of Greenberg’s real estate practice, is a personal friend and golf buddy of SL Green CEO Marc Holliday. Robert Alexander, Emily Jones, Sarah Pontius and Ryan Alexander at CBRE represented SL Green in the deal. Barry Gosin and Moshe Sukenik at Newmark Knight Frank represented Greenberg Traurig. [NYP]Rich Bockmann