Paramount Group has signed Bracewell LLP to a 54,095-square-foot lease at 31 W. 52ndnd St. in Midtown Manhattan. Bracewell will occupy the entire 18th and 19th floors for an initial lease term of 16.1 years.
The lease signing backfills more than 40% of the upcoming vacancy, aggregating 131,000 square feet, that is scheduled to occur on April 30. Bracewell is a law and government relations firm primarily serving the energy, infrastructure, finance, and technology industries throughout the world.
“We are delighted to welcome Bracewell to 31 W. 52nd St.,” said Paramount EVP Peter Brindley. “A leader in their field, Bracewell fits the high quality tenant profile that is a signature of Paramount’s portfolio. The execution of this lease demonstrates the desirability of the location, the appeal of the asset, and the ability of our team to transact with a quality tenant even in the current environment.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.