Law firm leases 67,000 s/f at 1 Battery Park Plaza.
In a significant boost to Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North , a rapidly growing midtown Manhattan law firm has decided to relocate and grow its organization downtown.
In a transaction brokered by national commercial real estate services firm Studley, McKee Nelson LLP LLP - Lower Layer Protocol has signed a long-term lease for 67,000 square feet of office space at 1 Battery Park Plaza, the distinctive 35-story tower built and owned by the Rudin and Rose families.
The expanding five-year-old law firm, which is presently in 25,000 square feet at 5 Times Square, expects to move into its larger quarters in the spring of 2005.
"McKee Nelson's new space at 1 Battery Park Plaza will accommodate 68 attorneys immediately and up to 91 attorneys within two years," said Reed Auerbach, managing partner of the firm's New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office. "In addition to spectacular office space, this move provides expansion options to support our firm's planned growth to 130 attorneys in the New York office."
"We're delighted that the McKee Nelson is joining our growing roster of tenants at 1 Battery Park Plaza," stated Bill Rudin, president of Rudin Management Company, leasing and managing agent for the building. "This is the latest example of a trend that is seeing more and more firms seizing the tremendous real estate opportunities now available in the exciting Lower Manhattan marketplace," added Mr. Rudin, who noted that another former midtown law practice--Jones Hirsch Connors & Bull, PC--will be one of its neighbors.
Matthew Barlow, executive vice president, John Johnson John Johnson may refer to:
Tom Keating (March 1 1917 - February 12 1984) was an art restorer and famous art forger who claimed to have forged more than 2,000 paintings by over 100 different artists. of Rudin Management represented the landlord.
"While the favorable economics of leasing office space downtown today is very enticing," stated Mr. Barlow, "the ongoing flexibility in the form of phased expansion rights solidified the transaction."
John Johnson considered the exceptional views from the tower floors, proximity to mass transportation and the outstanding ownership and management of the Rudin family as other contributing factors.
Mr. Barlow also noted that the leasing transaction was signed before the end of the year to take advantage of two downtown incentive programs, one of which is the Small Firm Attraction and Retention Grant (SFARG), which provides grants up to $3,500 per employee to organizations with less than 200 employees and is set to expire at the end of 2004.
McKee Nelson is a 122-attorney firm specializing in structured finance, tax litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. and tax planning Tax planning
Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. for Fortune 200 businesses and major underwriters. The firm was recently recognized by International Financial Law Review as one of only 11 "World's Leading Financial Law Firms" in Capital Markets--Structured Finance. McKee Nelson's New York office, which opened in mid-2002, now has over 100 employees, including 43 attorneys.
Also known as 24 State Street, 1 Battery Park Plaza contains 750,000 square feet of prime office space and offers dramatic views, particularly of the New York harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey". and the Statue of Liberty Statue of Liberty
great symbolic structure in New York harbor. [Am. Hist.: Jameson, 284]
See : America
Statue of Liberty
perhaps the most famous monument to independence. [Am. Hist.: Jameson, 284]
See : Freedom . It was built as a joint venture by the Rudin and Rose families in 1972.