Law firm Dorsey & Whitney has officially confirmed its relocation to a new office at 1301 Avenue of the Americas in New York City. The firm, which focuses on capital markets and securities work, has secured a 15-year lease for a substantial 41,000 square feet situated on the 13th floor of the prominent Midtown office tower owned by Paramount Group.

Details of the Lease Agreement

While the exact rental terms were not disclosed, a report from Colliers indicated that average asking rents in the Midtown area reached approximately $79 per square foot as of February, suggesting a competitive market.

The lease negotiation was facilitated by real estate professionals from both CBRE and JLL. David Kleinhandler from CBRE represented Dorsey, whereas the landlord was represented by Frank Doyle, David Kleiner, and Andrew Coe from JLL.

Current Office Location and Global Presence

Dorsey & Whitney is making a seamless transition to its new space, as its current office is located just across the street at 51 West 52nd Street, the property operated by Harbor Group International.

Beyond its New York presence, Dorsey maintains several offices worldwide in key cities, including London, Toronto, Dallas, and Seattle, reflecting its extensive global reach.

Other Tenants and Facilities

The new building at 1301 Avenue of the Americas hosts several notable tenants, including the exclusive 32,000-square-foot Paramount Club, Credit Agricole CIB, and Citizens Bank, the latter of which recently committed to a 74,000-square-foot lease at the property.

Additionally, a Starbucks location serves the ground-floor retail space, enhancing the convenience and appeal of the building.

Conclusion

Dorsey & Whitney’s move marks a significant step in its operational strategy, emphasizing both stability and growth in a high-demand office district. As the firm settles into its new digs, it continues to strengthen its footprint in the capital markets sector.