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New York & Tri-State  + Downtown New York  + Office  |  January 23, 2020
Paul Bubny
By: Paul Bubny

Law Firm Opts for Space Efficiency in 140 Broadway Renewal

Law firm Labaton Sucharow opted for efficiency in renewing its lease at 140 Broadway in the Financial District, committing to 57,000 square feet while giving back 13,000. That’s on account of a recent study of the firm’s occupancy and workplace usage, which revealed that it could reduce its footprint by 20% and significantly limit any up-front capital expenses related to becoming more efficient.

“In New York, we’re seeing several law firms do more with less space due to improvements in technology and a preference for increased collaborative space,” said NKF’s Jared Horowitz, who represented the tenant with colleagues Dan Gronich and Jason Perla.

A Cushman & Wakefield team of Robert Constable, Myles Fennon and Edward Mobello provides agency leasing for 140 Broadway’s ownership, which includes Union Investment Real Estate GmbH. The 51-story tower is anchored by investment bank Brown Brothers Harriman.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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