Amidst Industry Consolidation, Law Firm Expands to 425 Lexington Avenue

425 Lexington Ave. is 100% leased by Canadian Imperial Bank of Commerce and Simpson Thacher, which both originally signed their leases when the building was developed in 1987.

NEW YORK CITY—Law firm Holwell Shuster & Goldberg LLP is nearly doubling its New York City office presence and will relocate to nearly 60,000 square feet of subleased space at 425 Lexington Ave.

Savillis Studley, which represented Holwell Shuster & Goldberg, reports  the law firm signed a sublease totaling 59,750 square feet with Simpson Thacher & Bartlett LLP for a 16-year term in an off-market transaction. HSG will relocate from 750 Seventh Ave. at the end of the year and will nearly double its current subleased offices of 30,000 square feet, which it has occupied for two years. The law firm will occupy the 12th, 13th and 14th floors of the 750,000-square-foot 425 Lexington Ave. office building once taking occupancy.