Lease your law firm's office space in the ideal location in New York
Davidson, Dawson & Clark is a prominent Estate and Trusts law firm that was established in 1949. It was originally located at 330 Madison Avenue and remained there as a tenant for approximately 30 years. The space was starting to show its age. In 1997, the firm hired Norman Bobrow & Co. to handle its relocation to better space. We initially ventured to move them to 100 Park Avenue, but the numbers were simply not working out. Our research revealed that due to the rapidly increasing rental market, it would be more optimal for the company to renew its lease for another five years.In 2003, after the commercial market had topped off, reversed, and finally bottomed out, we recommended to the firm that it would be an ideal time to relocate. Especially after the additional time they had now spent at 330 Madison due to unfavorable market conditions, we strongly believed that their worn down space would hurt their company.
Adhering to our strong advice, the firm made the move to the 38th floor of the Lincoln Building. We secured them a 10-year lease plus a 5-year fixed renewal option, including a $65.00 workletter over base building work and 10 months free rent. The firm is now flourishing and their space is a showcase.