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Renowned law firm leases Met-Life space.

Greenberg-Traurig, the law firm that helped put President Bush in the White House, has made plans to lease about 127,000 s/f of additional office space in the Met-Life building at 200 Park Ave., sources confirmed last Friday.

The team made most famous by for representing Bush before the Supreme Court in his 2000 election showdown with Al Gore, already maintains about 106,000 s/f of office space at 200 Park Ave. The firm occupies all of the building's 14th and 15th floors and portions of floors 16 and 20.

The firm will immediately lease 42,000 s/f on the building's 34th floor, according to Richard Rosenbaum, managing partner of the firm's New York office and national operating partner of 11 offices. In 2006, the firm will lease an additional 85,000 s/f on the building's 38th and 39th floors.

Greenberg-Traurig also leases about 70,000 s/f at the Lipstick Building at 885 Third Ave., a property recently bought by Tishman Speyer.

John Zuckerman and Keith Caggiano, of CB Richard Ellis represented Met Life in the deal. Brian Gell and Richard Bernstein, also of CB Richard Ellis represented Greenberg-Traurig.

Richard Rosenbaum, managing partner of the firm's New York office and national operating partner of 11 offices, said the firm also extended its lease on its current space. He declined to comment on the total length and value of the leases.

Rosenbaum said Greenberg-Traurig had grown to the point where the firm was "completely out of space" in its offices at the Met-Life

The lease, he added, "gives us a plan for further growth."

"It accommodates our reasonable continued growth over the next two to five years," Rosenbaum said.

Although rumors recently have circulated about a possible sale of the Met-Life building, Rosenbaum confirmed the firm signed the lease with Met-Life, not a new owner.

"I have no information on that," he said when asked about a sale.

He added the firm had no plans to leave its offices at 885 Third Ave.

"We like the space and we like the building," Rosenbaum said.

A spokeswoman for CB Richard Ellis, Melanie Keenan, declined to comment on the transaction.
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Author:Moore, Peter
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Mar 10, 2004
Words:362
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