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BATES ADV. USA v. 498 SEVENTH

7 N.Y.3d 115 (2006)

850 N.E.2d 1137

818 N.Y.S.2d 161

BATES ADVERTISING USA, INC., Respondent, v. 498 SEVENTH, LLC, Appellant.

Court of Appeals of New York.

Decided May 11, 2006.

Attorney(s) appearing for the Case

Blank Rome LLP, New York City (Edward L. Sadowsky and Inbal Paz of counsel), for appellant.

Greenberg Traurig, LLP, New York City (John F. Triggs, Henry M. Greenberg, Israel Rubin and Peter Yu, Jr., of counsel), for respondent.

Chief Judge KAYE and Judges G.B. SMITH, CIPARICK, ROSENBLATT, GRAFFEO and R.S. SMITH concur

OPINION OF THE COURT

READ, J.

In November 1997, plaintiff Bates Advertising USA, Inc., a large advertising and marketing firm, entered into a lease with defendant 498 Seventh, LLC so that Bates might relocate its 700-person worldwide headquarters from the Chrysler Building into space in 498's building in New York City's Garment District. Both plaintiff tenant and defendant landlord, sophisticated business entities, were represented by experienced real estate...

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