{"id":34262,"date":"2022-09-26T09:24:23","date_gmt":"2022-09-26T06:24:23","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=34262"},"modified":"2025-03-25T16:09:13","modified_gmt":"2025-03-25T13:09:13","slug":"omelveny-myers-lease-midtown-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/omelveny-myers-lease-midtown-manhattan\/","title":{"rendered":"O\u2019Melveny &#038; Myers Plans Move to 1301 Avenue of the Americas"},"content":{"rendered":"<p>Paramount Group \u2014 one of the largest real estate investment trusts in the U.S. \u2014 has announced the closing of a 15-year lease agreement with O\u2019Melveny &amp; Myers LLP (OMM) for 142,000 square feet of office space at 1301 Avenue of the Americas. The law firm will occupy the 17th through 20th floors in the 1.7-million-square-foot trophy tower located between 52<sup>nd<\/sup>\u00a0and 53<sup>rd<\/sup>\u00a0streets in <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/midtown-manhattan\/\" target=\"_blank\" rel=\"noopener\">Midtown Manhattan<\/a>. The move is scheduled to occur in late 2024 or early 2025.<\/p>\n<p>Negotiations on behalf of the landlord were conducted in-house by a team led by\u00a0Peter Brindley,\u00a0Doug Neye\u00a0and\u00a0Sean Kirk,\u00a0along with\u00a0JLL\u2019s\u00a0Frank Doyle,\u00a0David Kleiner,\u00a0Clark Finney\u00a0and\u00a0Andrew Coe.\u00a0The tenant was represented by JLL\u2019s Lisa Kiell\u00a0and\u00a0Randy Abend, accompanied by\u00a0CBRE\u2019s\u00a0Lynn Williams\u00a0and\u00a0Jeff Welch.\u00a0Asking rent was <a href=\"https:\/\/commercialobserver.com\/2022\/09\/omelveny-myers-1301-avenue-of-the-americas\/\" target=\"_blank\" rel=\"nofollow noopener\">$84 per square foot<\/a>. The list of tenants at 1301 Avenue of the Americas includes the likes of investment bank\u00a0<a title=\"Has the New Age of Remote Work Made a Dent in Commute Times?\" href=\"https:\/\/www.commercialcafe.com\/blog\/us-commute-times-since-remote-work-2021-vs-2019\/\" target=\"_blank\" rel=\"nofollow noopener\">SVB Securities<\/a>\u00a0and insurance firm\u00a0Swiss Re.<\/p>\n<p>\u201cWe are proud to welcome O\u2019Melveny &amp; Myers to 1301 Avenue of the Americas,\u201d said\u00a0Peter Brindley, executive vice president and head of real estate. \u201cThis significant transaction exemplifies the appeal of 1301 Avenue of the Americas, which continues to attract today\u2019s most discerning tenants.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-34268 size-large\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/09\/1301-Avenue-of-the-Americas.jpg?w=640\" alt=\"\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/09\/1301-Avenue-of-the-Americas.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/09\/1301-Avenue-of-the-Americas.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/09\/1301-Avenue-of-the-Americas.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>The new lease agreement allows O\u2019Melveny &amp; Myers to shift its workforce from its previous headquarters at 7 Times Square. The move will also result in yet another downsizing of the company\u2019s footprint in Manhattan. The firm initially signed a lease for 355,000 square feet in 2006, only to gradually reduce it to 150,000 square feet prior to this latest move.<\/p>\n<p>OMM\u2019s downsizing echoes a larger trend set by <a href=\"https:\/\/commercialobserver.com\/2022\/08\/sunday-summary-the-incredible-shrinking-office\/\" target=\"_blank\" rel=\"nofollow noopener\">several companies<\/a> \u2014 including\u00a0Amazon, Meta,\u00a0KPGM\u00a0and\u00a0Buzzfeed \u2014 that have recently pulled back on the New York office market as a result of the popularity of remote work among their employees.<\/p>\n<p>However, while the law firm has decided to reduce its presence in Manhattan, it nearly tripled <a href=\"https:\/\/www.dmagazine.com\/commercial-real-estate\/2022\/05\/law-firm-omelveny-myers-inks-new-lease-at-harwood-no-14\/\" target=\"_blank\" rel=\"noopener\">its total footprint<\/a> at Harwood International\u2019s newest office tower in Dallas. In May, OMM signed a lease to occupy 75,000 square feet of prime <a title=\"Has the New Age of Remote Work Made a Dent in Commute Times?\" href=\"https:\/\/www.commercialcafe.com\/blog\/us-commute-times-since-remote-work-2021-vs-2019\/\" target=\"_blank\" rel=\"noopener\">Dallas office space<\/a> at Harwood No. 14. The company joins the likes of Haynes and Boone and S2 Capital in the 19-city block Harwood District.<\/p>\n<p>With so many large companies taking steps to offer their employees workplace options and maximum flexibility, access to a reliable and up-to-date database of listings from all major U.S. markets is essential. Find the space that fits your business needs with <a href=\"https:\/\/www.commercialcafe.com\/\" target=\"_blank\" rel=\"noopener\">CommercialCafe.com<\/a>:<\/p>\n\n<table id=\"tablepress-36\" class=\"tablepress tablepress-id-36\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/\" rel=\"noopener\" target=\"_blank\">Office space in Manhattan<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/los-angeles\/\" rel=\"noopener\" target=\"_blank\">Office space in Los Angeles<\/a><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/houston\/\" rel=\"noopener\" target=\"_blank\">Office space in Houston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/il\/chicago\/\" rel=\"noopener\" target=\"_blank\">Office space in Chicago<\/a><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/dallas\/\" rel=\"noopener\" target=\"_blank\">Office space in Dallas<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/san-francisco\/\" rel=\"noopener\" target=\"_blank\">Office space in San Francisco<\/a><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/austin\/\" rel=\"noopener\" target=\"_blank\">Office space in Austin<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/wa\/seattle\/\" rel=\"noopener\" target=\"_blank\">Office space in Seattle<\/a><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/nc\/charlotte\/\" rel=\"noopener\" target=\"_blank\">Office space in Charlotte<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/nv\/las-vegas\/\" rel=\"noopener\" target=\"_blank\">Office space in Las Vegas<\/a><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ma\/boston\/\" rel=\"noopener\" target=\"_blank\">Office space in Boston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/co\/denver\/\" rel=\"noopener\" target=\"_blank\">Office space in Denver<\/a><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ga\/atlanta\/\" rel=\"noopener\" target=\"_blank\">Office space in Atlanta<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/dc\/washington\/\" rel=\"noopener\" target=\"_blank\">Office space in Washington, D.C.<\/a><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/miami\/\" rel=\"noopener\" target=\"_blank\">Office space in Miami<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/brooklyn\/\" rel=\"noopener\" target=\"_blank\">Office space in Brooklyn<\/a><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/irvine\/\" rel=\"noopener\" target=\"_blank\">Office space in Irvine<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/pa\/philadelphia\/\" rel=\"noopener\" target=\"_blank\">Office space in Philadelphia<\/a><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/phoenix\/\" rel=\"noopener\" target=\"_blank\">Office space in Phoenix<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/san-diego\/\" rel=\"noopener\" target=\"_blank\">Office space in San Diego<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-36 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>Paramount Group \u2014 one of the largest real estate investment trusts in the U.S. \u2014 has announced the closing of a 15-year lease agreement with O\u2019Melveny &#038; Myers LLP (OMM) for 142,000 square feet of office space at 1301 Avenue of the Americas. The law firm will occupy the 17th through 20th floors in the 1.7-million-square-foot trophy tower located between 52nd\u00a0and 53rd\u00a0streets in Midtown Manhattan. The move is scheduled to occur in late 2024 or early 2025.<\/p>\n","protected":false},"author":56,"featured_media":20818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-34262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>O&#039;Melveny Inks New Lease For Midtown Office | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Paramount Group signed a 15-year lease agreement with O\u2019Melveny &amp; 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