Search
 

Studley Bulks Up to 61,000 SF

NEW YORK CITY-The tenant-rep firm is moving into a full floor at 399 Park Ave., 50% larger than its current headquarters space.

By Paul Bubny | Updated on October 13, 2009

NEW YORK CITY-Tenant-rep firm Studley is planning to expand within its new headquarters space, signing a 10-year lease for an entire floor of 61,000 square feet at Boston Properties’ 399 Park Ave. The space is 50% larger than its current offices at 300 Park Ave., where it’s been headquartered since 1987.

Mitchell Steir, Studley CEO and chairman, negotiated on behalf of his firm along with company president Michael Colacino and executive managing director Michael Goldman. John Powers, chairman of the New York tri-state region at CB Richard Ellis, represented Boston Properties.

A spokesman for Studley confirms a report in the New York Post that the 399 Park deal came together quickly, with Powers presenting an offer to Studley as recently as Oct. 2. The Post, report also says that Studley cancelled negotiations for space at 601 Lexington Ave., also owned by Boston Properties and formerly known as Citigroup Center., in favor of the 399 Park space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.