106 KSF Office Lease Signed at NYC's 452 Fifth Ave.
November 9, 2011
By: Nicholas Ziegler

While some may say the rate of office-lease signings in Midtown Manhattan has slowed, there’s always a big deal waiting around the corner. This week’s big deal comes courtesy of a 105,803-square-foot lease inked by law firm Baker & McKenzie for a 15-year term at 452 Fifth Ave., occupying seven floors of the trophy tower owned by IDB Group. ...

... CBRE Group Inc. represented the building’s ownership in lease negotiations. Studley represented Baker.

The law firm will occupy floors 15 through 20, as well as part of floor 14, in the 865,121-square-foot, 30-story building, making it the second-largest tenant by floor space. ...

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