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Law firm leases conference center.

Cleary, Gottleib, Stern & Hamilton (CGSH), a major international law firm headquartered in lower Manhattan, will establish a free-standing executive conference center in Midtown. Complementing CGSH's main offices at One Liberty Plaza in Manhattan's Financial District, the conference center located at Citicorp Center, is intended to serve better the firm's Midtown clients and partners by reducing the need to travel to and from meetings in Midtown Manhattan.

Michael Cohen, president of Williams Real Estate Company, Inc., and Matthew Schwam, associate director, represented CGSH in this lease transaction for 10,000 square feet of space. LaSalle Partners Realty represented the owner, Da-achi Semai Corporation of America.

The 11 year lease is valued at $5 million. In addition to a conference center, the 10,000 square feet of space will also be utilized by litigators from visiting branch offices, support staff and back office operations, and serve as a disaster recovery center with the ability to backup CGSH's facilities Downtown. Citicorp Center is located at 153 East 53rd Street between Third and Lexington Avenues.
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Title Annotation:Cleary Gottlieb, Steen and Hamilton
Publication:Real Estate Weekly
Date:Jul 20, 1994
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