Lease renewals, conversions for Midtown

Tenants in Midtown are renewing leases or converting their subleases to direct leases. Law firm Wachtell Lipton Rosen & Katz renewed its 240,930-square-foot lease at 51 West 52nd Street for 10 years. Showtime Networks renewed a 15-year lease of 202,495 square feet at 1633 Broadway at 51st Street. The Real Deal reported in June that the company was also considering a move to 200 Fifth Avenue. Magazine publishing company Bonnier Corporation has converted its 100,750-square-foot sublease at 2 Park Avenue at 32nd Street to a direct lease.