Klestadt & Winters, LLP to Relocate and Expand to 570 Seventh Avenue
New York, NY (October 11, 2010)
Klestadt & Winters, LLP, a boutique bankruptcy law firm specializing in debtors’ and creditors’ rights, including corporate debt restructuring, distressed business transactions, and complex commercial litigation, is relocating its New York City office to 570 Seventh Avenue and expanding its space by over 50 percent.
The law firm, which is currently located at 292 Madison Avenue, signed a long-term, 8,870-square-foot lease to occupy the entire 17th floor of the 21-story building in Times Square.
Jarod Stern of international commercial real estate services firm Studley represented Klestadt & Winters in the transaction. The landlord, Silverstein Properties, was represented in-house by Roger Silverstein.
“The space, building, and location are a perfect fit,” shared Mr. Stern. “The firm had certain criteria including strong, hands-on ownership, and a single floor presence, and 570 Seventh fit the bill nicely.”
Attorneys were Victor Gerstein, Esq. and Lisa Rinaldi, Esq. of Gerstein Strauss & Rinaldi LLP for the tenant and Jonathan Bright, Esq. of Siller Wilk LLP for the landlord.
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.