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Law firm renews 47,000 s/f lease at Silverstein's 120 Broadway.


Grubb & Ellis Company announced that Sullivan Papain papain: see papaya.  Block McGrath & Cannavo P.C. renewed its lease for approximately 47,000 s/f of office space at 120 Broadway in 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 .

Lewis Cowan of Grubb & Ellis' 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 represented the law firm in the transaction.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the terms of the renewal, Sullivan Papain Block McGrath & Cannavo, one of New York's largest and most diverse personal injury firms, will continue to occupy the entire 18th floor of 120 Broadway for an additional 10 years.

The firm originally moved into the space in 1993. The location functions as Sullivan Papain Block McGrath & Cannavo's primary office in the New York Regional area. Other locations include Mineola, Long Island and Hackensack, N.J.

As part of its new commitment to 120 Broadway, Sullivan Papain Block McGrath & Cannavo plans to enhance and freshen fresh·en  
v. fresh·ened, fresh·en·ing, fresh·ens

v.intr.
1. To become fresh, as in vigor or appearance: freshened up after the day's work.

2.
 its already impressively designed and furnished fur·nish  
tr.v. fur·nished, fur·nish·ing, fur·nish·es
1. To equip with what is needed, especially to provide furniture for.

2.
 installation. The firm chose to remain in the building for a variety of reasons, but the central location, prestigious image, quality services and quality ownership were the most influential. Silverstein Properties owns 120 Broadway.

According to Cowan, "Sullivan Papain Block McGrath & Cannavo's current lease wasn't set to expire until January 2009, but they opted to renew early in order to secure the most advantageous location with the best possible terms in a rising Downtown market.

"We toured several other properties with availabilities that fit the firm's requirement and solicited outside proposals for space prior to the renewal, but in the end, Sullivan Papain Block McGrath & Cannavo felt 120 Broadway was the best location for their needs."

Silverstein Properties was represented in-house by Catherine Gilberti.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Dec 20, 2006
Words:269
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