Darby & Darby has been located at 805 Third Ave. for thelast 17 years and will move all of its 200 employees to its newsite by spring 2007. This marks the fifth major lease signed in thebuilding. Andrew Baum, managing principal of Darby & Darby,tells GlobeSt.com the process of searching for space and signingthe lease, "once we kicked it into high gear it took about fourmonths."

Baum tells GlobeSt.com the new building has numerous advantagesover the company's old digs. "At 7 World Trade Center we will be ontwo floors. Where we are now, we're spread over four floors. Plus,the larger floor plates are going to allow us to do more tomaximize our efficiency as a company."

Baum says the terms of the deal were in line with rates in thebuilding and the area, and that state and other governmentincentives aided the decision to move Downtown. While participantsin the deal would not discuss pricing, judging from previous dealsin the building, the price was probably around $50 per sf.