After six months of lease negotiations, a major Manhattan law firm has finalized plans to occupy lower Manhattan’s One WorldCenter. Cadwalader, Wickersham & Taft LLP will move its 800 staffers to the building in early 2005. One World Financial Center is a 40-story office tower with more than 1.6 million sq. ft. of rentable space.
The leasingis welcome news for lower Manhattan, which has struggled since 9/11 to retain many of its tenants. A consolidation of two other Cadwalader offices — 125 Maiden Lane and 100 Maiden Lane — will allow the firm to occupy 460,000 sq. ft. of space in the Brookfield-owned tower.
"Remaining downtown reaffirms our commitment to the city of, lower Manhattan and the financial district," says Robert Link, chairman of Cadwalader. "The extraordinary building has access to state-of-the-art technology, the ability to customize a work environment tailored to the needs of a 21st century law firm, and easy accessibility to and for our clients."
Tenant rep firm Studley represented Cadwalader in the negotiations. The space formerly was leased by Lehman Brothers.