Law firm signs 96,000 s/f lease in White Plains.Wilson, Elser, Moskowitz, Edelman & Dicker dick·er intr.v. dick·ered, dick·er·ing, dick·ers To bargain; barter. n. The act or process of bargaining. , LLP LLP - Lower Layer Protocol has expanded its space at 3 Gannett Drive in White Plains and negotiated a lease for new office space in the state capital through The Vortex Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The firm, which is ranked as the 15th largest in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , leased 8,193 s/f at the Gannett Drive building, bringing its total presence in that facility to 95,589 s/f. The space will accommodate this growing law firm's need for additional space. Aggregate rental of the long-term lease is approximately $1 million. Representing WEMED in the transaction were Frederick K. Marek, president, and Vincent Tuminelli, principal of Vortex. Negotiating on behalf of owner Eastridge Properties was senior vice president/managing director Ellen Lynch, of Albert A. Ashforth, Inc. Vortex also represented WEMED in brokering the firm's new office space in Albany, where it leased 22,500 s/f at 677 Broadway, owned by Columbia 677, LLC. The long-term lease has an aggregate rental value rental value n. the amount which would be paid for rental of similar property in the same condition in the same area. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value is the in excess of $7.5 million. Marek and Tuminelli represented WEMED in this transaction as well, and Joseph R. Nicolla, of Columbia 677, LLC, negotiated on behalf of the ownership. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion