What's Happening?
Frier Levitt, a law firm specializing in healthcare and life sciences, has signed a lease for a 7,539-square-foot office at One World Trade Center. The lease, facilitated by The Durst Organization and The Port Authority of New York and New Jersey, spans five years and five months with an asking rent of $84 per square foot. The firm will relocate from its current New York office at 101 Greenwich Street. The move is seen as a strategic step to connect with New York City's business community and reinforce the firm's values of innovation and excellence. The Durst Organization, represented by Eric Engelhardt and Karen Rose, highlighted the building's dynamic environment and diverse tenant mix.
Why It's Important?
The relocation of Frier Levitt to One World Trade Center underscores the building's status as a prestigious address in New York City, attracting diverse tenants from various industries. This move could enhance Frier Levitt's visibility and access to the city's business community, potentially leading to new opportunities and partnerships. The decision reflects the firm's commitment to growth and service to its clients nationwide. For the Durst Organization, maintaining high occupancy rates and attracting reputable tenants like Frier Levitt reinforces the building's appeal and strategic importance in the city's commercial real estate market.
