Two of the three floors Thacher Proffitt & Wood is readyingfor business in the 840,000-sf tower at 11 W. 42nd St. aresubleased for four-year terms and one floor in the 32-storybuilding is subleased for six years, firm chairman Jack Williamstells A source close to the deal says the price per sfis in the high $30s.

Thacher, which also has offices in White Plains, Jersey City andWashington, DC had a relocation committee in place by the end ofthe day last Tuesday, the day of the attacks, Williams "Relocation committee chairman Joe Forte knowseverybody in the real estate community," he says. "The committeecalled us back Wednesday evening with ideas and by Thursday noon Igot the authorization to sign for the space. We secured the spaceon Thursday afternoon and by Friday a deal had been struck."Williams says the lease was signed Monday."

While Williams says decisions regarding long-term quarters forthe firm have yet to be made, the one sure thing is that it willretain its New York City presence. "Whether we'll like it betterhere than downtown, who knows? But we will stay in New York. Wherewe'll wind up, Midtown, Downtown--we'll see how things go before wemake a firm decision. We may stay here forever. The main thing wasto get back to work."

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