Manhattan-based Duval & Stachenfeld, LLP, a leading national boutique law firm with a second office in Los Angeles, will relocate its New York City headquarters to 555 Madison Avenue in April 2013.

The firm, which offers a range of practice areas, has signed a 50,057-square-foot, 14-year lease for the entire sixth and seventh floors of the 448,352-square-foot, 32-story building located at East 56th Street owned by Rodney Corporation.

Studley's Paul Revson, executive managing director, with Zev Holzman, managing director, and Zach Reiner, associate, represented Duval & Stachenfeld in the long-term transaction, a forward commitment for the firm, which is currently subleasing office space at 101 Park Avenue.

"Because of Duval's agreement to relocate to 555 Madison approximately two years from now, we were able to negotiate a favorable financial package, including a healthy work letter as well as a significant period of free rent," said Mr. Revson.

"The deal was propitious for the landlord who now has secured in advance a signed lease from a credit-worthy law firm for 14 years, and equally beneficial for Duval, which will be moving to prestigious Midtown headquarters a year and nine months from now based on today's rental rates," said Mr. Holzman, who noted that the space was formerly occupied by Sony, but now belongs to Tiffany, which vacated when it relocated its new Downtown headquarters.

Duval will be joining other law firm tenants at the building including attorneys Weil Gothshal & Manges and Rivkin Radler LLP. Other tenants include Dreyfus Foundation and ME Zuckerman.

Rodney Corporation was represented by Cushman and Wakefield's Robert Baraf and Ethan Silverstein. Eric Menkes, Esq. a partner at Duval & Stachenfeld, represented the law firm, while Andrew Herz, Esq. and Mary Rocha, Esq. of Patterson Belknap acted on behalf of the landlord.