TheChrysler Building, 405 Lexington Ave./ Photo by Betsy Kim
NEW YORK CITY—Moses & Singer is staying at the Chrysler Building. The century-old law firm signed an early lease renewal for 73,485 square feet in one of the New York's most identifiable landmarks, owned by Tishman Speyer. The new contract will keep Moses & Singer at 405 Lexington Ave. for at least 15 years. A source with knowledge of the deal tells GlobeSt.com that the asking rent was $65 per square foot.
“Our new lease provides stability and continuity for the firm, and it also enables us to make our space more efficient to accommodate future growth. The timing on this was perfect. We are excited to enter into our new lease on the eve of our centenary, and happy to have avoided the distraction and stress of a pending lease expiration,” says the law firm's chairman Alan Kolod.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
