Newmark Grubb Knight Frank represents Hogan Lovells in 206,720 s/f lease at 390 Madison

Rendering, 390 Madison Avenue - Manhattan, NY

Manhattan, NY L&L Holding Co., LLC and global law firm Hogan Lovells have finalized a lease for the law firm to occupy 206,720 s/f at 390 Madison Ave., a midtown office tower currently undergoing remassing and redevelopment in the Grand Central area.

Hogan Lovells is the first tenant to sign a lease in this 850,000 s/f, 32-story tower. The law firm will relocate from its current offices at 875 Third Ave. once the building is completed in 2018. The lease, which extends until March 2033, encompasses floors 7-12 and will include two of the buildings eight major terrace areas as well as a triple-height and double height floor. The space will house Hogan Lovells’ entire New York staff.

Hogan Lovells was represented in the transaction by Moshe Sukenik of Newmark Grubb Knight Frank (NGKF), and Mark Weiss formerly with NGKF currently with Cushman & Wakefield. 

L&L Holding Co. was represented in house by David Berkey and Joshua Carson.

390 Madison Ave. is being redeveloped by L&L Holding in conjunction with New York-based Clarion Partners, LLC acting on behalf of the New York State Common Retirement Fund, and architects Kohn Pederson Fox Associates (KPF). L&L and KPF, along with Tishman Construction are transforming the existing mid-century building.

This endeavor will result in an exciting new structure encompassing column-free spans, double and triple height spaces, eight major terraces as well as mechanicals and a translucent façade featuring floor-to-ceiling glass.

L&L Holding Co. chairman and CEO, David Levinson said, “Finalizing Hogan Lovells as our first tenant at 390 Madison is an exciting milestone in the redevelopment of this building, a tower that is redefining the office landscape of midtown Manhattan. It is an important move that will set the tone for the exciting changes coming to Midtown East.”

L&L Holding president and chief investment officer Robert Lapidus said, “This is the right tenant at the right time, and we are very excited to be welcoming Hogan Lovells to L&L’s prestigious tenant roster. They are a forward-thinking law firm who clearly understand the importance of a 21st Century work environment such as we are creating.”

Hogan Lovells’ New York office managing partner Oliver Armas said, “As we continue to grow our New York office, this is an ideal time for the firm to make the change to a larger and more collaborative workspace. The new location provides the physical space for our continued office expansion while keeping our roots in central Midtown.”

The new lease for Hogan Lovells comes shortly after L&L Holding was honored by the American Institute of Architects New York City Chapter (AIANYC) with a design award for the redevelopment of 390 Madison Ave. In addition, the Greater New York Construction User Council named L&L “Developer of the Year” for its Norman Foster-designed project 425 Park Ave.

Hogan Lovells was represented in the transaction by Moshe Sukenik of Newmark Grubb Knight Frank, and Mark Weiss formerly with Newmark currently with Cushman & Wakefield. 

L&L Holding Co. was represented in house by David Berkey and Joshua Carson.