Kasowitz, Benson, Torres & Friedman LLP announced today that it has signed a 20-year lease renewal at 1633 Broadway, a building owned by The Paramount Group that has served as the firm’s headquarters location since 2000. In signing the lease, the firm has committed to occupy approximately 225,000 square feet on the 19th through 23rd floors of the building. Currently located on floors 20-24, the firm will embark on an intricate restacking process involving a complete reconstruction and technological renovation project designed by TPG Architecture, taking advantage of upgraded electrical and HVAC systems. The technologically advanced infrastructure and space redesign will enable Kasowitz to operate more efficiently by accommodating current and future expansion in less space.
“We are grateful to Prudential Douglas Elliman, Newmark Grubb Knight Frank, TPG and Paramount for helping us to design a customized work space solution that takes into account uniformity and controllability,” said Adam Endick, a partner with the firm’s real estate group, who worked closely with the brokerage team and landlord on the redesign. “They did an impressive job of working under enormous time constraints to accommodate our unique needs.”
“This project challenged us to redesign the infrastructure of a 43-year-old building to support the demanding needs of a cutting-edge law firm that operates 24/7,” said Mark Weiss of Newmark Grubb Knight Frank. “We ultimately succeeded, creating a modern day solution for a middle-aged building.”
Kasowitz is represented by Howard Lorber of Prudential Douglas Elliman, and Moshe Sukenik and Mark Weiss of Newmark Grubb Knight Frank. The lease signing comes soon after the firm opened new offices in Washington, D.C. and Los Angeles.
Prominent tenants at 1633 Broadway include Deloitte, Alliance Global Investors, Dickstein Shapiro LLP, and Davis Wright Tremaine LLP. Paramount Group completed lobby renovations in 2012.
About Kasowitz Benson Torres & Friedman LLP
Kasowitz Benson Torres & Friedman LLP is a national law firm, numbering more than 375 lawyers, primarily focusing on complex commercial litigation. The firm has offices in New York, Washington, DC, Silicon Valley, Los Angeles, Houston, Atlanta, San Francisco, Miami, and Newark. For more information, visit www.kasowitz.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 12,000 professionals, operating from more than 320 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.