$128M upgrade helps former CBS headquarters keep white-shoe firm

In the latest reflection of Sixth Avenue’s enduring appeal, global law firm Orrick, Herrington & Sutcliffe renewed its lease on 144,312 square feet for 15 years at 51 W. 52nd St., the avenue’s fabled “Black Rock” tower.

The former CBS headquarters is more than 90% leased since Harbor Group International bought the landmark for $760 million in October 2021.

Empire State Building filling up to the brim with addition of latest tenant

The new owners spent $128 million to bring the tower up to 21st Century speed with revamped lobbies, upgraded interiors and an amenities suite including a fitness center and private tenants’ cafe in the concourse.

NYC workers continue to return to office as building ‘visitations’ move closer to pre-pandemic levels

The upgrades helped HGI to land 500,000 square feet of new leases and renewals. Other large tenants include law firm Wachtell Lipton Rosen & Katz and Canadian pension fund CPPIB.

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Asking rents in the tower are $115 per square foot.

A CBRE team led by Mary Ann Tighe repped Orrick, Herrington. A different CBRE team with Howard Fiddle and Scott Gottlieb repped the owners.

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