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Crain’s
Zashin & Rich move marks big milestone
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November 2013
Cleveland.com
Zashin & Rich law firm leases last full floor of Ernst & Young Tower at Flats East Bank project
November 2013
CCH Employment Law Daily
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Crain’s
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Cleveland.com
Zashin & Rich law firm leases last full floor of Ernst & Young Tower at Flats East Bank project
Zashin & Rich Co. has leased the last full floor of the Ernst & Young Tower at the Flats East Bank project.
The law firm, which has roughly 45 attorneys and staff members in downtown Cleveland, expects to move in June from 55 Public Square to the fourth floor of the Ernst & Young building.
Bucking the space-shedding trend, Zashin & Rich is expanding its footprint, which will grow from just under 14,300 square feet in its current offices to 21,000 square feet in the city's first new private office tower in decades.
The firm has grown exponentially since we began here in Cleveland," Stephen Zashin, the firm's co-managing partner, said in a news release. "Our move is not only essential due to that growth, but I think it reflects where we are in terms of our practice, regionally and nationally.
Founded in 1981, Zashin & Rich focuses on workplace law and family law. The firm also has an office in Columbus.
With the Zashin & Rich deal, the Ernst & Young Tower is 91 percent leased. Other tenants include namesake accounting firm Ernst & Young, which recently rebranded itself as EY; management consulting firm McKinsey & Co.; and the Tucker Ellis and Porter Wright law firms.
Most of the tenants are moving to the Flats from other downtown buildings, and many of them have been able to cut space because of changes in office design, more mobile workers and the efficiency of new construction.
The tower is part of the first phase of the Flats East Bank project, a waterfront development being tackled by Scott and Iris Wolstein and Fairmount Properties. Plans for the second phase of the project include apartments near the Cuyahoga River.