McLaughlin & Stern, LLP Expands at 260 Madison Avenue

NEW YORK, July 12 /PRNewswire/ -- McLaughlin & Stern, LLP, announced today that it had extended and significantly increased its commitment at 260 Madison Avenue, a Sapir Organization building. The Firm added two full floors totaling 36,000 square feet, and now encompasses 100,000 square feet in the top eight floors of the midtown tower.  The new lease is through 2021.

Established in 1898, McLaughlin & Stern, LLP is one of the oldest law firms in New York. Through its offices in New York City, Millbrook, NY and West Palm Beach, the firm provides a diverse range of legal services with expertise in investment advisory and hedge fund matters; private equity matters; sophisticated commercial, securities and estate litigations; corporate and securities transactions; real estate; intellectual property; and trusts and estates.

Speaking from the Firm's New York headquarters the Managing Partner, Geoffry R. Handler said: "The growth of our practice in many areas has moved us to expand our footprint in New York, and we have now made provision for further growth into the next decade.  Our expansion in New York comes on the heels of a similar expansion in our West Palm Beach office."

"McLaughlin & Stern, LLP is a strong tenant with an excellent reputation.  Its long term lease continues to strengthen the midtown market," stated Alex Sapir, President of The Sapir Organization.

David Sweet, a partner in the Firm's real estate department, represented McLaughlin & Stern in the transaction. The landlord, The Sapir Organization, was represented by Senior Associate General Counsel Lorenzo DeLillo.  Howard Grufferman, of Grubb-Ellis, represented the Firm as its real estate advisor.

260 Madison Avenue, a 552,317 square foot office tower, is ideally located between Midtown and Midtown South on Madison Avenue between 38th and 39th Street. This 22-story office building is just a few blocks away from Grand Central Station giving quick access to all major subway lines.

Office tenants have easy entry to ground level retailers within the building and across the street. In addition to McLaughlin & Stern, other major tenants include Met-Life, Plaza Construction, Hanesbrands, Reader's Digest and American Kennel Club.

About The Sapir Organization

The Sapir Organization is a privately held, New York–based real estate holding and development firm with over 7 million square feet of prime Manhattan commercial and residential space. Founded by Tamir Sapir, chairman, the company is lead by Alex Sapir, president and Zina Sapir-Rosen, vice president.   The Sapir Organization owns significant buildings throughout Manhattan including the landmarked 11 Madison Avenue and 2 Broadway, 260 Madison Avenue, 261 Madison Avenue, 384 Fifth Avenue, two residential buildings:  50 Murray Street, 53 Park Place, and Trump SoHo, the first five-star luxury hotel condominium in Downtown New York City.   www.sapir.com

SOURCE The Sapir Organization