Cravath Law Firm Is Shopping for Potential New Headquarters
- Firm is second-largest tenant at Manhattan’s Worldwide Plaza
- Liquidating New York REIT still has a stake in the tower
Photographer: ftwitty/E+ via Getty Images
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The law firm Cravath Swaine & Moore LLP is exploring alternatives to its current headquarters at midtown Manhattan’s Worldwide Plaza, people with knowledge of its plans said.
The firm is the second-largest tenant at the 2.1 million-square-foot (195,100-square-meter) office tower on Eighth Avenue at West 50th Street, where its lease expires in 2024. Cravath could remain in building, where it has about 600,000 square feet, on a new or extended lease and may end up renewing its agreement there early, according to the people, who asked not to be identified because the matter is private.