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Law firm triples size in midtown.

Law firm triples size in Midtown

Ober Kaler Grimes & Shriver, a Baltimore-based law firm founded in 1903 with 115 attorneys and a sizable corporate and litigation practice, has subleased over 21,400 square feet at 1345 Avenue of the Americas in a major expansion of its New York office which nearly triples its office space, it was announced by Williams Real Estate Co. Inc., which represented the subtenant in the transaction.

Ober Kaler's New York office, which has doubled the number of its attorneys to 18 within the last two years at a time when most law firms are downsizing, specializes in insurance, bankruptcy, litigation, tax, corporate and real estate law, with a strong international practice, including many clients in Europe and Japan.

The law firm plans to occupy its new space on the 40th floor at 1345 Avenue of the Americas at 55th Street -- marked by panoramic views of Central Park and Midtown in the reception area as well as perimeter offices -- in October. Ober Kaler was formerly located at 1370 Avenue of the Americas. Other firm offices are also located in Washington, DC and Edison, New Jersey.

The 11-year sublease from Carter-Wallace, Inc. has an aggregate rental value of over $8 million.

Charles B. Retz, senior managing director, and Neil J. Goldmacher, associate director of Williams represented Ober Kaler in the transaction. Williams also represented Ober Kaler in its move to 1370 Avenue of the Americas a few years ago. The sublessor was represented by Tom Kralic, vice president at Helmsley-Noyes.
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Title Annotation:Ober Kaler Grimes & Shriver
Publication:Real Estate Weekly
Date:Oct 9, 1991
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