Colliers International arranges two leases-24,090 s/f

Colliers International has arranged two Manhattan law firm leases totaling 25,000 s/f. In the first of two transactions, Brandt Steinberg & Lewis LLP signed a ten-year, 8,917 s/f lease on the sixth floor of 1430 Broadway, located at the southeast corner of West 40th Street, where the firm will operate its Manhattan headquarters beginning in November. 1430 Broadway is a 22-story high-rise building in the heart of Times Square. Steinberg & Pokoik Management is the building owner. Founded in 1932, Brandt, Steinberg & Lewis specializes in real estate tax appeals and related legal issues, with clients that include developers, publicly traded corporations, privately held corporations, entrepreneurs, property owners, and net tenants. "After an extensive search Brandt Steinberg & Lewis was extremely pleased to relocate their Manhattan operations to 1430 Broadway," said Ted Rotante, an Executive Managing Director in the New York office of Colliers International, who along with Vice Chairman James Emden represented in the transaction. "They wanted to move to well-located, move-in ready space with good ownership, who has agreed to modify the premises to accommodate Brandt's requirements." Ken Kronstadt and Ricky Kramer, of Newmark Grubb Knight Frank, represented the landlord in the transaction. In the second law firm transaction, Richards Kibbe & Orbe (RK&O) sublet 15,173 s/f of its excess space—a portion of the 27th floor—at 1 World Financial Center to Build America Mutual. Ted Rotante, who along with Colliers International colleague James Marcellino arranged the sublet space on behalf of RK&O, noted that the law firm occupies more than two full floors at 1 World Financial Center, including space on the 27th floor, and subleasing its auxiliary expansion space optimized their efficiency. Melissa Bazaar, of Cushman & Wakefield, represented the subtenant in the transaction.