NEW YORK CITY—Another major law firm in Manhattan has signed on at the 55 Hudson Yards building currently under construction here. Global law firm Cooley LLP has signed a lease for 130,000 square feet across five floors at the 1.3 million-square-foot tower.
Cooley LLP will relocate from the Grace building at 1114 Ave. of the Americas to space near the top of the 51-story 55 Hudson Yards tower building being developed by Related Companies, Mitsui Fudosan America and Oxford Properties Group.
Cooley, headquartered in Palo Alto, CA, has 900 lawyers across 12 offices in the United States, China and Europe. The firm will be shifting more than 250 employees to 55 Hudson Yards, a planned LEED Gold building, in 2019.
“Becoming part of this visionary new development further reinforces our commitment to investment and growth in New York,” says Cooley CEO Joe Conroy. “We will be working alongside many of our clients and look forward to joining them in a stunning new environment that will be among the world’s most sophisticated law firm office spaces.”
Jonathan Bach, partner in charge of the firm’s New York office, adds, “This move is in line with our commitment to East Coast growth and speaks to the vibrancy of New York across the corporate, finance and tech sectors and more.”
Cooley joins two other law firms that have previously signed lease deals at 55 Hudson Yards, which is expected to open in 2018—Boise Schiller & Flexner and Millbank Tweed, Hadley & McCloy LLP. Others on the property’s tenant roster include: Intercept Pharmaceuticals, MarketAxess, Point72 and Silver Lake.
Jay Cross, president of Related Hudson Yards says, “The unprecedented commercial leasing effort at Hudson Yards has attracted over 6.4 million square feet of occupancy by some of the world’s leading businesses, and we are thrilled to welcome Cooley to the neighborhood.”
Newmark Knight Frank vice chairman Moshe Sukenik, law firm advisory services chairman Aaron Katz, vice chairman Patrick Nalls, senior managing director Michael Shuler and director Brian Cohen represented Cooley LLP in the transaction. Stephen Winter, VP of commercial leasing at Related Companies, Bob Alexander, CBRE chairman tri-state region, and Howard Fiddle, CBRE vice chairman represented the building ownership group.
The 28-acre Hudson Yards site at full build-out will include more than 18 million square feet of commercial and residential space, more than 100 shops and restaurants, 4,000 residences, cultural space, 14-acres of public open space, a new 750-seat public school and an approximately 200-room Equinox hotel.