Bond Schoeneck & King’s offices at 600 Third Ave. (NYLJ/Rick Kopstein)
Growing in size and services, Syracuse-based Bond Schoeneck & King has relocated its New York City office a short distance to 600 Third Ave. from 330 Madison Ave.
The general service law firm, which has been in the city since 2004, has a 10-year lease with L&L Holding Company for 12,505 square feet on the 22nd floor of the 42-story, more than 544,500-square-foot Third Avenue tower located between 39th and 40th streets. The firm previously leased 8,696 square feet at the Madison Avenue location, where it had been based for the past 10 years.
John Elleman, a member of Bond Schoeneck in Syracuse, internally handled the lease for the firm.
Haynes and Boone partner Noah Shapiro and associate Lisa Greenbaum represented L&L Holding.
Bond Schoeneck announced that it has “strategically grown” its staff of attorneys at the New York City office by 55 percent since January 2013, with 19 attorneys now residing in the city. Earlier this year, the firm added new members Jeffrey Kehl, Marion Katzive and Shelley Sanders Kehl from the law firm Kehl, Katzive & Simon.
The firm preferred to remain in the Grand Central District near its former location to accommodate the commutes for attorneys and staff, said Gary Goodwin, the firm’s executive director in Syracuse.
He said the former location could not expand to an adjoining floor, and that one of the important features of 600 Third Ave. was a “full-floor option of the right size.”
Parties did not provide the terms of the lease, but the asking rental rate for Bond Schoeneck’s space was $60 per square foot, according to L&L Holding.
Bond Schoeneck has 220 attorneys with its largest office in Syracuse, the site of its founding in 1897. There are nine offices in New York state, as well as offices in Naples, Fla. and Overland Park, Kan.
The firm represents clients in areas such as agribusiness and natural resources; commercial lending and transactions, real estate, defense and high tech; health care; manufacturing; and municipalities. The newest members of the New York City office from Kehl Katzive have brought extensive legal experience with clients in the secondary school and higher education markets and a range of not-for-profit organizations.
Jeffrey Peck, a senior managing director at Savills Studley, acted on behalf of the tenant.
Andrew Wiener, director of leasing at L&L Holding, handled the lease for the landlord.
Infusing technology into the Meatpacking District, Samsung Electronics North America has announced the creation of a Manhattan flagship office at 837 Washington St.
The global electronics leader has leased the entire 55,000-square-foot, six-story building for a long- term period from 837 Washington Owner LLC, a joint venture of Taconic Investment Partners and Thor Equities LLC. The office and retail property, currently under development, is between West 12th and 13th streets, across from The High Line, a public park built on an elevated rail structure. Construction of the property is expected to be completed later this year. The lease also includes about 7,000 square feet of outdoor space.
David Kriss, a partner at Kriss & Feuerstein, and associate Matthew Klein represented the joint venture. Taconic’s In-house counsel was Andrew Zlotnick, general counsel and executive vice president.
Kenneth Gordon, a partner at Akerman, was outside counsel for Samsung. Samsung’s in-house counsel included Jorge Gracia, senior vice president and general counsel at Samsung Electronics America, and legal counsel Yeowan Youn.
Samsung will pay about $500 per square foot for the ground floor and about $120 per square foot for the other floors, a source told The Wall Street Journal.
The Washington Street location will house the company’s new centralized brand marketing team, including a marketing center for digital, creative and social media programs and an enterprise customer center to serve New York commercial and institutional clients.
Samsung has been involved in advance technology, semiconductors, skyscraper construction, petrochemicals and medicine for more than 70 years, according to its website.
Samsung Electronics North America, based in Ridgefield Park, N.J., is an arm of Korea-based Samsung Electronics Co. Ltd. that markets consumer electronics, information systems, and home appliances. It oversees all of Samsung North America brand management including Samsung Electronics America; Samsung Telecommunications America; and Samsung Electronics Canada.
Since 1997, Taconic Investment Partners has acquired and developed over 12 million square feet of office, mixed-use, and retail space and more than 3,000 residential units in New York City with other projects in Chicago, Washington, D.C., and Atlanta.
Newmark Grubb Knight Frank’s David Falk, president, New York tri-state region; Daniel Levine and Jason Greenstein, senior managing directors, handled the lease for the landlord.
CBRE’s brokerage duo of Craig Reicher, vice chairman, New York tri-state region, and James Ackerson, senior vice president, assisted Samsung on the lease. In addition, CBRE’ Pat O’Keefe, senior vice president, and David Liggitt, vice president, in the data center solutions group in Dallas served the tenant.