Stroock Represents Edward J. Minskoff In New Leases at 51 Astor Place
New York, NY, February 12, 2014 — Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, is serving as legal counsel to developer Edward J. Minskoff and his partner, Rockwood Capital, in the leasing of 51 Astor Place, a 12-story, 400,000-square-foot new construction office tower in the East Village.
The property is now more than 70 percent leased. IBM Watson Group, a unit of International Business Machines Corp., has signed as anchor tenant, taking a long-term lease for 120,000 square feet. 1stdibs, an online auctioneer of high-end vintage goods, has leased the entire third floor of more than 42,000 square feet. In addition, St. John’s University is relocating its Manhattan campus from Lower Manhattan to the building, having leased more than 71,000 square feet square feet for new classrooms, meeting space, administrative offices and the new Davis Library.
“Critics thought a modern steel and glass office tower out of place in the East Village and unlikely to be a success,” said Jack Bart, partner at Stroock & Stroock & Lavan LLP, who, along with associate Trevor Adler, represented the landlord. “But Edward Minskoff is a real estate visionary who recognized that tenants requiring the sophisticated infrastructure that only new construction can provide would continue to proliferate in Manhattan, making 51 Astor, whose location merges culture, education and modernism, a most attractive home.”
Stroock & Stroock & Lavan LLP is a law firm providing transactional and litigation guidance to leading multinational corporations, investment banks and private equity firms in the U.S. and abroad. Stroock’s emphasis on client service and innovation has made it one of the nation’s leading law firms for 130 years. Stroock’s practice areas include capital markets/securities, commercial finance, mergers, acquisitions and joint ventures, private equity, private funds, derivatives and commodities, employment law and benefits, energy and project finance, entertainment, environmental law, financial restructuring, financial services litigation, insurance, intellectual property, investment management, litigation, national security, personal client services, real estate, structured finance and tax. For more information, please visit Stroock’s website at www.stroock.com.
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