New York, NY – October 24, 2018 – Cushman & Wakefield announced today that the real estate services firm has arranged an 11,436 square-foot, 15-year new lease at 420 Lexington Avenue, also known as the Graybar Building, for Cohen, Tauber, Spievack & Wagner P.C., a full-service business law firm.
A Cushman & Wakefield team consisting of Alan Wildes, Mark Weiss, Robert Baraf, and Gary Ceder represented the tenant, Cohen, Tauber, Spievack & Wagner P.C., in the transaction.
“At Graybar, tenants benefit from a prestigious business address and direct access to Grand Central Terminal,” said Alan Wildes of Cushman & Wakefield. “After a full search, the tenant decided to remain in the Graybar Building given the quality of the landlord, the newly designed space and the centrality of the building.”
The 31-story, 1.5 million-square-foot tower is owned by SL Green Realty Corp and includes New York Life Insurance, Metro-North Commuter Railroad Co. and SL Green Realty Corp. as tenants. Graybar office clients benefit from an elegant corporate environment with a beautiful art-deco lobby, full-time, on-site management and newly renovated elevator lobbies. Tenants also enjoy the convenience and luxury of an on-site Equinox fitness club.
420 Lexington Avenue is situated in one of Manhattan’s most desirable locations and has convenient access to a variety of dining, retail and hospitality destinations including Urbanspace Vanderbilt, and The W.
Located directly above Grand Central Terminal, all major NYC subway lines, buses and Metro-North commuter trains are only steps away.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.