Law firm Kirkland & Ellis LLP has signed an early renewal of its 403,000-square-foot headquarters at 601 Lexington Ave. in New York City.
The 20-year lease extension commences when Kirkland & Ellis' current lease expires in 2019. The tenant will swap several of its lower floors (32-34) for higher floors (45-46 and 51), with its 13-story restacked space undergoing a transformation to provide the firm with greater efficiency and a modern workplace environment with the flexibility to provide for future space requirements...
"After an extensive study of all possible relocation alternatives, including new development, an early extension at this signature Manhattan tower was clearly Kirkland’s best option," said Mitchell Steir, chairman and CEO of Savills Studley.
Mitchell Steir, Matthew Barlow, Greg Taubin, David Goldstein, and Jason Perla with Savills Studley represented the tenant in lease negotiations. John Powers and Andrew Levin of Boston Properties represented the landlord, a joint-venture between Kirkland & Ellis Extends 403,000-SF Lease, Restructures Space at New York HQ
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