Simpson Thatcher & Bartlett Leases 59000 Square Feet At 123 E 43rd St New York

A lease transaction has occurred for a property located at 123 E 43rd St, New York, NY, 10170. The total space involved in the lease is 59,000 square feet. The landlord for this transaction is Simpson Thatcher & Bartlett, and it has been reported that they are subleasing part of their office space.

Summary of transation details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 123 E 43rd St, New York, NY, 10170
• Market: New York
• Tenant's Representative: Craig Lemle (Savills Studley)
• Landlord: Simpson Thatcher & Bartlett
• Square Feet: 59,000

Holwell Shuster & Goldberg (HSG) will be subleasing just under 60,000 square feet from another law firm located at 425 Lexington Avenue for the next 16 years. This lease will effectively double HSG's current space, as they will be vacating their current location at 750 Seventh Avenue later this year. Simpson Thatcher & Bartlett's decision to sublease part of its office reduces their occupied space in the building to 490,000 square feet.