CORPORATE LAW FIRM Mayer Brown has turned over a chunk of space at its posh headquarters at 1675 Broadway to the Visiting Nurse Services of New York.
The nonprofit subleased 18,000 square feet at an undisclosed price on the 18th floor of the Rudin-owned granite-and-glass-clad scraper, which rises 35 stories on the block between 52nd and 53rd streets. A knowledgeable office broker guessed the rent was likely around $80 a square foot.
The Nurse Service, which calls itself the largest nonprofit home health agency in the country, has relocated its executive offices to 1675 Broadway while it renovates its existing space on East 70th Street, according to Cushman & Wakefield broker David Green, who, with Tara Stacom, represented the tenant in the year-and-a-half-long sublease.
Bolstering the argument that Manhattan now inhabits a tenant’s market, Mr. Green said that Mayer Brown made the negotiations relatively easy.
“I will tell you, they were very accommodating in trying to get us in the space, not because we were dictating, but because they were aggressive,” Mr. Green said. “They needed to shed this space. It was originally supposed to be a three-to-five-year sublease, and they accommodated us for less than that.”
CB Richard Ellis brokers Anthony Dattoma and Bob Flippin represented the law firm, which has several hundred thousand square feet in the building.
Follow Dana Rubinstein via RSS.