Newmark has arranged a new, 169,664-square-foot lease on behalf of ownership, affiliates of Harbor Group International (HGI), at 51 West 52nd Street (51W52), fully leasing the Midtown Manhattan office tower. Alston & Bird LLP, the international law firm, has signed a 15-year lease and will relocate its New York offices from 90 Park Avenue to occupy floors nine through 15 of the property.
Executive Vice Chairman Howard Hersch, Vice Chairmen Greg Conen and Scott Klau, Executive Managing Director Erik Harris and Managing Directors Jennifer Schreiber and Zach Weil serve as the exclusive leasing agents for the property and represented HGI in negotiations. Savills’ Brad Walk, Matthew Barlow, David Goldstein, Joseph Learner, Matthew Brainard and Laura Whelan represented the tenant.
“We are proud to announce that our flagship property, 51W52, is now fully leased to a roster of prominent tenants, all of whom match the building’s prestige,” said Jordan E. Slone, HGI chairman and chief executive officer. “The success of 51W52 validates our strong faith in the resilience of the New York office market, especially for the best trophy properties in the best locations.”
The LEED Gold-certified property is the only skyscraper ever designed by renowned architect Eero Saarinen. Since acquiring the property in 2021, HGI has invested approximately $128 million to modernize the building’s infrastructure, amenity offerings and common areas while preserving its unique architectural heritage.
“As we celebrate the 25th anniversary of our New York office, we are excited to expand our footprint by more than 30% and relocate to one of Manhattan’s highest-performing office environments,” said James Sullivan, partner-in-charge of Alston & Bird’s New York office. “51W52, with its state-of-the-art amenities, rich legacy and strong ownership team, will enhance our award-winning culture and inspire our attorneys and professional staff as we advise our clients on their increasingly complex legal challenges.”
Photo courtesy of Harbor Group International)
