Boston Properties, Inc. announced that Shearman & Sterling, a top global elite law firm, signed a new, 20-year lease for 338,000 square feet at 599 Lexington Avenue,in Midtown Manhattan, New York.
This is an early renewal of Shearman & Sterling’s lease that was scheduled to expire in August 2022, said in a statement.
“We were founded in New York 145 years ago,and the firm has thrived in its Midtown location over the last 30 years by providing unparalleled legal advice in close proximity to its New York clients and attracting and retaining the market’s top talent,” said David Beveridge, Senior Partner of Shearman & Sterling.
Boston Properties’ 599 Lexington Avenue is a 47-story, 653 foot high Class A multi-tenant office building located in the heart of Midtown Manhattan.
“Our steadfast commitment to maximizing our tenants’ experience and enhancing our assets continues to position BXP as the landlord of choice in the region and we are delighted that Shearman & Sterling chose to recommit to 599 Lexington Avenue,” said John Powers, Executive Vice President, New York Region for Boston Properties.
“This renewal underscores the advantages that 599 Lexington Avenue provides to tenants seeking the most convenient, transit-oriented location in the city, modern amenities and premier place and space. We are excited about the new retail and place-making enhancements as part of this unique live, work and play ecosystem,” he added.