Davis Polk & Wardwell, established in its current location at 450 Lexington Avenue in Manhattan since 1992, announced a significant addition to its existing footprint. Over the decades, the law firm has witnessed steady growth, leading it to acquire approximately three extra floors, a trend emblematic of their long-term strategic planning.
The company informed that it had re-signed the lease at 450 Lex, stipulating the addition of 30,000 square feet to their grounds. This expansion brings their total work area to over 700,000 square feet across 23 floors. According to real estate broker CBRE, The new 25-year lease signifies the largest, in terms of square footage, in New York in 2023 so far.
This information is a summary based on the inaccessible details from the paywalled article, ‘‘Predominantly an In-Office Firm’: Davis Polk Renews NYC Lease, With 30,000 More Square Feet‘ on Law.com, combined with its meta description. As such, our summary may not be comprehensive due to the information limitations set by the paywall.