Manhattan, NY Avison Young has negotiated a new 15-year, 100,952 s/f lease for law firm Lewis Brisbois Bisgaard & Smith at 77 Water St., a 26-story, 600,000 s/f class A tower. The firm will continue to occupy the 19th through 21st floors and expand into the 18th floor of 77 Water St.
Jonathan Larsen, a principal of Avison Young and managing director of the Los Angeles West office, who serves as national broker for Lewis Brisbois Bisgaard & Smith, and Mitti Liebersohn, president and managing director, represented the tenant in the transaction. Michael Lenchner, vice-president and director of leasing of Sage Realty, was the in-house rep.for ownership.
“The 77 Water St. property is an iconic jewel among New York City Financial District assets and is particularly attractive to law firms due to its proximity to downtown county courts, high visibility and easy access to transportation,” said Larsen. “After numerous discussions with our client on the ideal long-term New York City location, it became obvious that the firm’s current space, along with a prominent identity at 77 Water St., ideally suited the company’s needs, and its goal was to commit to a multi-year renewal. Negotiating with the building’s owner and representatives was a seamless process, and we were able to ink a deal that met all of our client’s requirements. We are excited to announce this transaction and pleased that the professionals at Lewis Brisbois Bisgaard & Smith, as well as the company’s next generation of legal talent, will call 77 Water St. home for years to come.”
Greg Katz, managing partner of the New York office for Lewis Brisbois Bisgaard & Smith, said, “Lewis Brisbois is pleased that 77 Water Street will continue to be our firm’s New York home. The location in the heart of the downtown business and financial district is ideally situated among the majority of our New York client base. We look forward to many years of continued growth at this key location.”
Avison Young is one of the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family and hospitality properties.