CresaPartners completes lease renewal for Phillips Lytle

Phillips Lytle, LLP, a 175-year old, Buffalo-based law firm with offices across New York State, recently renewed their lease and expanded their footprint in downtown Albany. CresaPartners served as their tenant representative. CresaPartners conducted an extensive site search and analysis, which established a competitive environment between downtown locations and suburban sites that offered more parking. CresaPartners' comprehensive research and negotiation process obtained favorable lease terms and even more significantly, reduced the client's overall costs below their prior lease term. Phillips Lytle was founded in 1834 by Orasmus Marshall and is now a pre-eminent New York State law firm with clients ranging from family businesses or startups to Fortune 500 companies. The firm's practice includes representation on the national stage in areas such as litigation, telecommunications, bankruptcy and intellectual property. CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services.

Tags: Brokerage

Reprint

Previous Story Next Story

CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

1122 Madison Avenue inks $21.175 million contract

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

House of Spells celebrates grand opening at 234 W. 42nd St.

Columns and Thought Leadership

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.