Former Mendes & Mount Partners Open New Law Firm at Tower 49
Studley Represents Aviation Litigation Firm in New York and Los Angeles Transactions
New York, NY (June 22, 2010)
In a deal that defies trends in the legal sector, which is still predominantly downsizing, Fitzpatrick & Hunt, Tucker, Collier, Pagano, Aubert, LLP, has emerged as a new law firm started by six former partners from Mendes & Mount, LLP’s aviation and space practice. In mid-May, the new firm opened offices concurrently in New York and Los Angeles. The New York office occupies the entire 31st floor of Tower 49™, 12 East 49th Street. Twelve of the thirteen full time aviation attorneys from the Mendes aviation practice in New York, as well as seven of its staff members joined the New York office of the new firm. The legal team will bring more than 200 years of collective legal experience in defending companies involved in aviation accident related legal disputes to their new venture. And many of the lawyers are dual professionals having backgrounds in engineering, piloting or aircraft maintenance. The accomplished attorneys of this specialized law firm will continue to provide the highest level of legal services. At the same time, the firm will be able to utilize its nimble profile to be fully attentive to its clients’ individualized needs;
Managing Director Zev Holzman and Executive Managing Director Paul Revson of international commercial real estate services firm Studley represented the litigation firm in the 15-year, 16,000-square-foot deal for the entire floor at Tower 49™ in New York. Studley’s LA office simultaneously represented the firm in its comparably sized space leased in downtown Los Angeles at 633 West 5th Street on the 60th floor.
“This deal had many moving parts,” explained Mr. Holzman. “The space was occupied by Broadpoint Gleacher, which was in the middle of consolidating its New York offices into space at 1290 Avenue of the Americas. We worked with the landlord’s agent, Robert Bakst of Colliers International, to structure a deal that included a lease termination for Broadpoint and a long-term lease for Fitzpatrick & Hunt.”
According to Mr. Holzman, there were many characteristics that sold the law firm on this particular space—the high quality and location of the building, as well as the layout and location of the particular space on a high floor with sweeping views of Midtown Manhattan. The new firm had the good fortune of forming at a competitive time in the commercial real estate market in New York, thus providing it the opportunity to secure a 15 year lease, which will guarantee its presence in the space for the long-term.
The building is anchored by Saks Fifth Avenue and Wachovia Bank.
Robert Gorzelany Esq. of Seward & Kissel represented the law firm in the transaction. Peter Figdor Esq. of Salans represented the landlord, Japanese-based Kato International LLC.
Studley is the only global tenant advisory firm with a pure tenant representation delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com.