Cushman & Wakefield brokers 100,000 s/f lease for law firm

Real Estate Weekly,  Jan 23, 2008  

Tags: Cushman & Wakefield

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Cushman & Wakefield announced that international law firm, Crowell & Moring LLP, has leased approximately 100,000 s/f at 590 Madison Ave., a premier Midtown Manhattan office tower between 56th and 57th Streets.

Crowell & Moring, which is headquartered in Washington, D.C., will relocate and expand its New York office to 590 Madison Ave. from 153 East 53rd St., where the firm currently occupies approximately 60,000 s/f.

A Cushman & Wakefield team of brokerage professionals from New York and Washington, D.C., represented Crowell & Moring in its office space evaluation and lease negotiation. The team was led in New York by executive vice presidents Jonathan Serko and Mitchell Barnett, and director David Malawer, and in Washington, D.C., by executive vice president Mark Minich.

The ownership, 590 Madison Avenue Associates L.P., was represented by Jeffrey Sussman, an executive vice president of Edward J. Minskoff Equities.

According to Serko, a relocation to 590 Madison Ave. offers Crowell & Moring several benefits over comparable alternatives. The space at 590 Madison Ave. is centrally located, modero and highly efficient, Serko said. It also immediately accommodates the firm's expansion requirements while allowing the flexibility for future growth.

"For Crowell & Moring, 590 Madison was the most practical and economical option," said Serko. "As corporate tenants move further west to Sixth and Seventh Avenues and beyond, Madison Avenue offers a central location in close proximity to clients in a wide range of industries. In addition, the space is already built and furnished, which reduces the typical expenses associated with expansions and relocations."

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