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Brokerage
Posted: March 14, 2023
L&L Holding Company signs Polsinelli PC to 10-year lease
Manhattan, NY L&L Holding Company has finalized an agreement with Polsinelli PC to expand and extend its NYC headquarters lease at 600 Third Ave., L&L’s 42-story office tower in the Midtown East District.
Polsinelli signed a 10-year lease extension that will keep it at 600 Third Ave. through at least 2036, while also expanding by 13,129 s/f across the entire 33rd floor. This expansion will bring its total footprint to 52,516 s/f across the entire 33rd, 40th, 41st and 42nd floors, making Polsinelli the tower’s largest tenant.
L&L Holding Company was represented in-house by David Berkey, L&L Holding Company executive vice president. Polsinelli was represented by Kevin McLennan, Ian Murphy and Silvio Petriello of CBRE.
Built in 1970, the 575,254 s/f tower is owned by a partnership of Blackrock and L&L Holding Company. Since acquiring 600 Third Ave. in 2004, L&L has undertaken a series of renovations and modernizations to the tower, including lobby upgrades and building system improvements. In addition, L&L redesigned and renovated 600 Third Ave.’s plaza and public space to create a welcoming setting, with pathways that encourage pedestrians to circulate the park, an array of seating options, and planter beds with greenery.
“We are thrilled to accommodate Polsinelli’s continued growth in New York City and are proud to extend a relationship that started in 2015,” said L&L Holding Company executive vice president David Berkey. “With great views, an inviting outdoor plaza, and a premium location just steps Grand Central Terminal, 600 Third Ave. continues to be a destination of choice for companies and organizations looking to recruit, motivate and retain talented workforces.”
With Polsinelli’s expansion, 600 Third Ave. is now 94% leased to a diverse roster of premier firms and global organizations. Notable tenants include renowned legal practice Aaronson Rappaport, international organization Permanent Mission of Austria to the United Nations and global investment management firm 3G Capital.
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