International law firm Alston & Bird LLP has finalized a significant 15-year lease to relocate its New York City offices to 51 West 52nd Street. The major transaction covers approximately 170,000 square feet, successfully bringing the prestigious Midtown Manhattan trophy tower to full occupancy and underscoring the enduring market demand for premier workspace solutions.### Key takeaways
- The firm has committed to a 15-year lease for 169,664 square feet of office space.
- This move marks the firm’s departure from its current offices located at 90 Park Avenue.
- The lease agreement brings the 51W52 office tower to 100 percent occupancy.
- Newmark represented the building owner, Harbor Group International (HGI), while Savills represented the tenant throughout the negotiation process.### A strategic relocation for a premiere firm
The decision by Alston & Bird to relocate to 51W52 represents a strategic move for the global law firm. By transitioning from 90 Park Avenue to this iconic Midtown location, the firm aligns itself with a building renowned for its architectural prominence and high-end tenant amenities. Industry experts view this commitment as a vote of confidence in the midtown Manhattan commercial real estate market, particularly for high-quality assets that continue to attract top-tier global firms.### Strengthening the midtown prestige
Harbor Group International (HGI) chairman and CEO Jordan E. Slone noted that the building’s current roster of tenants reflects a commitment to maintaining a prestigious environment. By reaching full occupancy, 51W52 has solidified its status as one of the most desirable addresses in New York City. The successful leasing effort, led by the Newmark team, highlights the resilience and continued appeal of New York’s trophy property market even as tenant demands evolve to prioritize location and facility quality.