A pair of landlords in New York and Washington, D.C., are turning to Am Law 100 firms to serve as key tenants for two buildings now under construction.
Morrison & Foerster and Covington & Burling are poised to move into the new office towers; MoFo in a 40-story building being developed by Boston Properties at 250 West 55th Street in midtown Manhattan, and Covington in a massive mixed-use project called CityCenterDC being developed in downtown D.C. by Hines, Archstone, and The First Investor U.S. Real Estate Fund.
That the two firms will be occupying such significant spaces would appear to at least partially answer a question considered recently by real estate trade publication CoStar News: Will Dewey & LeBoeuf‘s demise cause landlords to second-guess the wisdom of offering major leases to law firms, traditionally among the most “prestigious and credit-worthy” of commercial tenants?
