News: Brokerage

Falk and Berger of Newmark rep. Kane Kessler in 26,258 s/f lease

New York, NY The law firm of Kane Kessler moved to a new space under an 11-year, 26,258 s/f lease arranged by Newmark. The full-service firm has relocated from 666 3rd Ave. to L&L Holding’s 600 3rd Ave. Kane Kessler has leased the entire 35th and 36th floors, each at 13,129 s/f. Newmark’s president of the New York Tri-State region David Falk and managing director Nick Berger represented the tenant in the transaction.

The new location offers Kane Kessler a modern space that is well-located in a class A office property. The firm capitalized on the opportunistic leasing market, doubling down on their commitment to New York City. Kane Kessler believes the new space reflects its positioning in their industry and plans to leverage its new environment to further attract and retain new talent for its practice.

JLL’s Jonathan Fanuzzi and Frank Doyle represented the landlord in the transaction.

“This was a great opportunity for our client to significantly improve their space,” said Falk. “These two floors offer cutting-edge space with dramatic views of the city and provide Kane Kessler a terrific long-term solution for their office needs.”

Kane Kessler is a highly-regarded, full-service, mid-sized law firm based in the city that serves clients across an array of market sectors. The firm provides leading-edge legal services to an innovative and market-moving client base throughout the United States and globally in a variety of practice areas.

“We consider the signing of this new office lease as a way of demonstrating our long-term commitment to NYC and our confidence in our clients’ continued reliance on our firm for their most important transformative matters,” said Rob Lawrence, managing partner of Kane Kessler. “Our work with Newmark over the years has helped us secure this fantastic new space that offers us a newly-built high-tech environment in a premier building with excellent views and positions the firm as we move into the future.”

600 Third Ave. is an office tower in the Grand Central area located on the west side of 3rd Ave. 600 Third’s neighborhood includes a multitude of corporate headquarters, advertising agencies, luxury hotels like The Westin New York Grand Central, shops and popular restaurants. The access to Midtown, Uptown and Downtown business districts is exceptionally convenient, and the building is within close walking distance of Grand Central Terminal and four major subway lines.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,