{"id":39373,"date":"2024-08-05T07:06:51","date_gmt":"2024-08-05T04:06:51","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=39373"},"modified":"2025-03-25T16:08:15","modified_gmt":"2025-03-25T13:08:15","slug":"willkie-farr-gallagher-stays-put-at-midtown-manhattan-office","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/willkie-farr-gallagher-stays-put-at-midtown-manhattan-office\/","title":{"rendered":"Willkie Farr & Gallagher Stays Put at Midtown Manhattan Office"},"content":{"rendered":"

Law firm Willkie Farr & Gallagher has extended its lease at its 315,000-square-foot headquarters within CommonWealth Partners\u2019 787 Seventh Ave. for another two decades. The firm will look to renovate the 51-story Theater District office building to meet future needs, although financing details for the planned upgrades were not shared.<\/p>\n

While the exact rent for the deal hasn\u2019t been disclosed, the average asking rent for Midtown offices reached $83.54 per square foot in the second quarter of 2024, according to CBRE.<\/p>\n

The names of the brokers handling the negotiations on each side were also not disclosed.<\/p>\n

\u201cWillkie\u2019s presence and long-term tenancy at 787 Seventh is a true testament to our focus on creating an exceptional overall experience and establishing lasting relationships with our customers,\u201d\u00a0said Stefan Khudic, a principal at CommonWealth.<\/p>\n

\u201cMidtown Manhattan continues to be one of the most vibrant, convenient and accessible locations in New York City,\u201d said Willkie\u2019s New York office Managing Partner, Rosalind Fahey Kruse. \u201cAfter conducting a thorough evaluation of our space needs for today and tomorrow, we are thrilled to announce that 787 will remain our home well into the future. We look forward to continuing to deliver exceptional service to our clients in our new, state-of-the-art space, which will be designed with our collaborative culture in mind.\u201d<\/p>\n

Established in 1888, Willkie Farr & Gallagher has maintained its headquarters within the Axa Equitable Center (as 787 was previously known) for a quarter of a century. Situated between 51st and 52nd streets, the building was designed in a post-modern style by architect Edward Larrabee Barnes for the Equitable Life Assurance Society. Then, in 2016, the property was acquired by CommonWealth Partners and the California Public Employees\u2019 Retirement System in a $2 billion transaction from Axa, the American branch of the French investment banking firm.<\/p>\n

Alongside Willkie Farr & Gallagher, the building\u2019s tenant roster includes prominent names such as Edgemont Capital Partners; Holland & Knight; and Citibank, occupying the ground floor.<\/p>\n

Looking for office space for rent in Manhattan or other top markets? Select any of the locations linked below or visit the\u00a0<\/em>CommercialCafe.com<\/em><\/a>\u00a0homepage to start your search!<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Office space in Houston<\/a><\/td>Office space in Los Angeles<\/a><\/td>Office space in Fort Lauderdale<\/a><\/td>\n<\/tr>\n
Office space in Dallas<\/a><\/td>Office space in Chicago<\/a><\/td>Office space in New York City<\/a><\/td>\n<\/tr>\n
Office space in Austin<\/a><\/td>Office space in San Francisco<\/a><\/td>Office space in Fort Worth<\/a><\/td>\n<\/tr>\n
Office space in Boston<\/a><\/td>Office space in Seattle<\/a><\/td>Office space in Manhattan<\/a><\/td>\n<\/tr>\n
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Office space in Phoenix<\/a><\/td>Office space in Philadelphia<\/a><\/td>Office space in Pittsburgh<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

Law firm Willkie Farr & Gallagher has extended its lease at its 315,000-square-foot headquarters within CommonWealth Partners\u2019 787 Seventh Ave. for another two decades. The firm will look to renovate the 51-story Theater District office building to meet future needs, although financing details for the planned upgrades were not shared.<\/p>\n","protected":false},"author":56,"featured_media":39376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,4014,39],"tags":[],"class_list":["post-39373","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":"\nWillkie Farr & Gallagher Stays Put at Midtown Manhattan Office - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Law firm Willkie Farr & Gallagher has extended its lease at CommonWealth Partners\u2019 787 Seventh Ave. for another two decades.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/willkie-farr-gallagher-stays-put-at-midtown-manhattan-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Willkie Farr & Gallagher Stays Put at Midtown Manhattan Office\" \/>\n<meta property=\"og:description\" content=\"Law firm Willkie Farr & Gallagher has extended its lease at CommonWealth Partners\u2019 787 Seventh Ave. for another two decades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/willkie-farr-gallagher-stays-put-at-midtown-manhattan-office\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-05T04:06:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T13:08:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2024\/08\/Seventh-Avenue-Midtown.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1980\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/willkie-farr-gallagher-stays-put-at-midtown-manhattan-office\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/willkie-farr-gallagher-stays-put-at-midtown-manhattan-office\/\",\"name\":\"Willkie Farr & Gallagher Stays Put at Midtown Manhattan Office - 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