September 22, 2008

ABS Partners Real Estate has brokered a new ten year lease at 345 7th
Avenue on behalf of the law firm of Moskowitz & Book.

“The firm had been a tenant at 1372 Broadway for over 10 years when they
were faced with a significant increase in their rent. This prompted them to reevaluate the decision to renew their lease,” said ABS broker Douglas Regal who
represented Moskowitz & Book in the transaction. “They wanted to get out in the
market and see what options were available to them. 345 7th Avenue met all their
criteria, which included a full-floor space in a renovated building that is centrally located to public transportation.”

The firm leased the entire 21st floor which consists of 6,500 square feet.
345 7th Avenue was represented by Peter Liptrot of Bernstein Real Estate. The
terms of the deal were not disclosed, however asking rents in the building are
listed at $40 per square foot.