Covington & Burlington growing to nearly 200K sf at New York Times building

Law firm will expand by roughly 33K sf

New York /
May.May 11, 2018 09:30 AM

A. G. Sulzberger and 620 Eighth Avenue

The law firm Covington & Burlington is increasing its footprint in the New York Times building, growing by almost 33,000 square feet.

The firm will now occupy just shy of 194,000 square feet in the building at 620 Eighth Avenue, and is adding the entire 44th floor, according to the Commercial Observer. The expansion deal is for 10 years, and the asking rent was $100 per square foot.

Covington & Burlington moved into the building in 2007 and has occupied the 39th through 43rd floors since then.

The New York Times developed the 52-story building in partnership with Forest City Realty Trust in 2007. The paper occupies the ground floor through the 27th floor, while the developer owns floors 28 through 52.

Earlier this year, the Times sublet 140,000 square feet of space at the building to the trading network Liquidnet and bought back its leasehold on the building for $250 million, which W.P. Carey had bought in 2009 for $225 million. [CO]Eddie Small


Related Articles

arrow_forward_ios
Steve Witkoff and Ian Schrager in front of the iconic PUBLIC hotel escalators. (PUBLIC, Getty)
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
Best Buy has closed about 20 of its big-box stores in each of the past two years (iStock)
Best Buy lays off 5,000 staffers, increases store closures
Best Buy lays off 5,000 staffers, increases store closures
Ryan Serhant and Gary Barnett on Development Slowdown in Pandemic
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Cushman & Wakefield CEO Brett White
Cushman reports 10% drop in revenue in 2020
Cushman reports 10% drop in revenue in 2020
Central Queens Academy's Ashish Kapadia and United's Chris Jiashu Xu with a rendering of 88-08 Justice Avenue (Linkedin, iStock)
Charter school takes 85K sf in Queens condo building
Charter school takes 85K sf in Queens condo building
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
421-427 East 14th Street (Google Maps, iStock)
Stuy Town to get new 17K sf grocery store
Stuy Town to get new 17K sf grocery store
Photo illustration of Mayor Bill de Blasio as Uncle Sam (iStock, Getty/Illustration by Kevin Rebong)
NYC has $1.3B in unpaid property taxes
NYC has $1.3B in unpaid property taxes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...