In what it says is one of the largest new leases for a law firm in New York City since March 2020, Savills represented Belkin Burden Goldman LLP (BBG) as it signed a long-term, 30,598-square-foot lease at Empire State Realty Trust’s (ESRT) One Grand Central Place. The firm was previously located at 270 Madison Avenue.
BBG specializes in the real estate sector, representing owners, developers, management companies and co-op and condominium boards.
“Our team turned over every stone and toured over 40 locations over a six-month period to identify a space that best aligned with BBG’s vision for its new, long-term home,” said Jeffrey Peck, a Savills vice chairman. “Ultimately, ESRT presented BBG with an attractive opportunity to relocate its presence to a space that it will build out specifically to suit the firm’s needs, with the industry-leading sustainability achievements and indoor environmental quality measures for which ESRT is known.”
By securing a lease at One Grand Central Place, BBG is eligible to take advantage of ESRT’s Turnkey Suites program, which provides the law firm with full scale architectural, furniture, IT and moving services.
A Savills team of Jeffrey Peck, Daniel Horowitz, Roi Shleifer, Jacob Stern and Colm Ralph negotiated the lease on behalf of BBG, allowing the firm and its 50 attorneys to relocate to part of the 16th floor of the building. ESRT was represented by Newmark’s Scott Klau, Erik Harris, Neil Rubin and Billy Cohen.
“We decided to sign a long-term lease, because we remain bullish on the future of New York City and are confident that it will bounce back, just as it did post 9/11 and after the Great Recession,” said Jeffrey Goldman, founding and co-managing partner of BBG.
One Grand Central Place, located directly across from Grand Central Terminal, is a 55-story building with a tenant roster that includes Allianz, 3i, Balfour Beatty, GLG, Institutional Capital Network, Inc., Johnson Controls and Pine Brook Partners.
