In the Paul Weiss deal, the law firm reportedly considered several relocation options, including Vornado Realty Trust's proposed office tower over the Port Authority Bus Terminal and SJP Properties' forthcoming 11 Times Sq., before opting to stay at 1285 Sixth Ave. for 15 more years. Its space requirements have grown considerably since it last signed a renewal deal there in 1999, which at that time was for 391,975 square feet. Today, Paul Weiss occupies about one-third of the space at the 42-story tower, which is also known as the UBS Building, after its lead tenant, and which has no availabilities.
Asking rents along the Sixth Avenue/Rockefeller Center corridor range up to $100 per square foot; according to Crain's, terms on the Paul Weiss deal were not disclosed. Calls by GlobeSt.com to Paul Weiss and to a spokesman for Jones Lang LaSalle, the leasing agent for 1285 Sixth, were not returned by deadline.
As with 1285 Sixth, the 1.1-million-square-foot 180 Maiden is full. Joseph Moinian, whose Moinian Group is the property's leasing agent, told the Post that Stroock occupies "the upper part of the building with smashing views, and with all the improvements going on nearby, they made a very serious, long-term commitment." A CB Richard Ellis team of global chairman Stephen Siegel, EVP Michael Monahan and vice chairman Lewis Miller represented Stroock, which has been housed at 180 Maiden since 1996; calls to CBRE were not returned by deadline.
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