Fried Frank acted as counsel to RXR Realty in connection with a 20-year lease to law firm Cahill Gordon & Reindel LLP of more than 200,000 square feet at 32 Old Slip in New York City. 32 Old Slip sits on the site previously occupied by the United States Assay Office, a federal gold refinery. It was constructed in 1987 by the late developer Howard Ronson. Cahill will relocate from 80 Pine Street where it has resided since 1960. The deal marks the largest direct new lease for Downtown Manhattan in 2018.
The Fried Frank team included real estate partners Valerie Kelly and Meyer Last and real estate associates Simon J. Elkharrat, Philip M. Fitzpatrick, and Charles L. Roper.