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NEW YORK CITY-The nation’s fourth-largest law firm, Sidley Austin Brown & Wood, displaced by the World Trade Center bombings, has leased 338,000 sf at the Equitable Tower, according to published reports.

The firm is said to be taking 11 floors in the landmark building at 787 Seventh Ave. Current occupant Ernst & Young LP, which is readying its own building in Times Square, will reportedly vacate the space by March 2002. The lease on Sidley Austin’s temporary space at 875 Third Ave. expires June 30.

American Express reportedly had been considering 500,000 sf of space in the Equitable building space before deciding last week to return to its Downtown headquarters at the World Financial Center. Once American Express withdrew from negotiations, Sidley Austin threw its hat in the ring.

Insignia/ESG represented both Sidley Austin and building owner Equitable Life Assurance Society USA in negotiating the 20-year lease.

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