NEW YORK Aug 7 Boston Properties Inc is
negotiating a lease with a law firm to lease 266,000 square feet
of space at a skyscraper under construction in Midtown
Manhattan, the office landlord said on Tuesday.
Although Boston Properties declined to identify the
perspective tenant, two sources have identified the law firm as
Kaye Scholer LLP, currently located at 425 Park Ave.
A spokesperson for the law firm did not respond immediately
Morrison & Foerster LLP earlier signed on to be the anchor
tenant of the planned 1 million square-foot building, at Eighth
Avenue and 55th Street in Manhattan.
Morrison & Foerster also exercised a right to take an
additional 24,000 square feet on top of 180,000 square feet,
Doug Linde, Boston Properties president, said in a conference
call with analysts.
With the addition of the new tenant, the 39-story building,
which is scheduled to be completed in the spring of 2014, would
be just under 48 percent leased, Linde said.
"We are cautiously optimistic that things are going to move
in the right direction," he said.