2 January 2005 – LAWFUEL – Best for law news – New York Office of Global Law Firm Signs with Tishman Speyer to Occupy Additional 80,000 Square Feet for New 15-Year, 320,000 Square Foot Lease
New York , December 23, 2004. Latham & Watkins LLP1 is pleased to announce that the firm’s New York office located in the Lipstick Building at 885 Third Avenue has entered a lease agreement with the real estate company Tishman Speyer Properties to occupy an additional 80,000 square feet. This new space brings Latham & Watkins’ total building occupancy to 16 floors and nearly 320,000 square feet.
This expansion coincides with the upcoming year’s 20th anniversary of Latham’s opening in New York. February 2005 marks 20 years that the New York office has been located in Manhattan providing transactional and litigation counsel to leading multi-industry companies worldwide.
“The past two decades have been significant for Latham & Watkins in New York,” said David Gordon, New York Office Managing Partner. “This expansion lease signifies our growth in the market as part of our ongoing commitment to bolster our presence in strategic markets, establishing the firm as a leading player among the world’s global elite firms. We have some of the city’s finest legal minds practicing at Latham and are well positioned to strengthen our market leading position.”
“New York is a key strategic market for the firm,” said Richard Chadakoff, New York finance and real estate partner. “We are thrilled to reinforce our commitment to New York and to our global clients serviced from this key financial center. This expansion in New York will help to facilitate our long term objectives.”
Steven Della Rocca, New York corporate partner and member of the firm’s Executive Committee, added, “Manhattan is a global finance capital and has proven to be a logical way to expand the firm. Twenty years ago we entered the New York market, a key nexus to Latham & Watkins, and have been steadily building our presence here since.”
“Latham & Watkins has been a tenant in the Lipstick Building since it first opened, starting as a small tenant and continuously expanding,” said Scott Gamber, Executive Vice President, CB Richard Ellis. “We are delighted to have arranged a long-term lease for Latham & Watkins at one of New York’s most distinguished Midtown properties with a great New York City landlord, Tishman Speyer Properties. One big advantage at this building is that Tishman Speyer was able to offer Latham & Watkins extraordinary expansion space opportunities and excellent flexibility within their lease. At a time when there are limited big blocks of space available in Manhattan, staying at this high-quality building proved to be the best alternative for Latham & Watkins.”
We are thrilled that Latham & Watkins has chosen to both extend and expand its presence in the Lipstick Building,” said Robert Speyer, Senior Managing Director of Tishman Speyer Properties. “We are proud to have one of our city’s and nation’s leading law firms continue as a long term tenant in this unique landmark property.”
About Latham & Watkins LLP
Latham & Watkins LLP is a global law firm with more than 1,500 attorneys in 21 offices, including Boston, Brussels, Chicago, Frankfurt, Hamburg, Hong Kong, London, Los Angeles, Milan, Moscow, New Jersey, New York, Northern Virginia, Orange County, Paris, San Diego, San Francisco, Silicon Valley, Singapore, Tokyo and Washington, D.C. For more information on Latham & Watkins, please visit the Web site at www.lw.com.
About CB Richard Ellis
CB Richard Ellis (NYSE:CBG) is the world’s leading commercial real estate services firm (in terms of 2003 revenue). The company serves real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. Including partners and affiliates, CB Richard Ellis has more than 300 offices across 50 countries around the world. Please visit our Web site at www.cbre.com.