Ronald H. Shechtman, managing partner at Pryor Cashman, tellsGlobeSt.com his firm had "looked at multiple spaces and submittedmultiple lease proposals" in the course of two years, and alsoconsidered renewing in place. "At the same time, we wanted to beready should a unique opportunity arise." That opportunity arosewhen San Francisco-based firm Heller Ehrman--which closed its doorsin September--left its New York offices in virtually move-incondition.

Shechtman credits CB Richard Ellis, which represented both PryorCashman and landlord Boston Properties, with "truly educating usabout the market and helping us reach consensus." As a result, thedeal came together in less than a month.

In a CBRE release, EVP Mark Ravesloot notes that Pryor Cashmanis consolidating from its current space, "spread across threeolder, interconnected buildings." Those interconnected buildingsare 400 and 410 Park Ave., which are joined, as well as in HerronTower at 70 E. 55th St. Pryor Cashman has been at 410 Park since1971.