NEW YORK CITY—The ever-growing Avison Young is moving and nearly tripling its offices here. The real estate services firm has signed a full floor lease at 1166 Ave. of the Americas for 40,000 square feet. Currently the company's New York City offices span 14,000 square feet at 623 Fifth Ave.
The move—which comes less than three years after Avison Young entered the New York market—is occurring through a sub-sub-sublease with Advance Magazine Publishers.The relocation is scheduled for this March 2015.
“Since entering the New York metropolitan area market in 2012, Avison Young has not only met its financial goals, but has also exceeded its growth objectives, building a true full-service platform through high-level recruiting and strategic company acquisitions,” says Arthur Mirante, principal and tri-state president. “As we look to the future, our new office in New York City, along with the expansions of all of our tri-state offices, will position us strongly for continued growth.”
“As a key global market, New York City is integral to our expansion strategy,” adds Earl Webb, Avison Young president, US operations. “The continued growth of our platform in one of the world's most competitive commercial real estate markets clearly demonstrates the success of our differentiated principal-led, client-centric service approach.”
Avison Young's new Manhattan office, located in the heart of Midtown within walking distance of Bryant Park and Rockefeller Center, will accommodate the firm's continued growth over the next several years. Within the next year, the company plans to hire another 15 to 20 leasing brokers in New York City to further strengthen Avison Young's tenant and landlord representation business.
The firm's project management team is overseeing build-out of the new Manhattan office that will be designed to foster a collaborative work environment.
Says Kirsten Beck, director of project management, “By providing an open-floor-plan design and numerous communal meeting places, our team will be able to collaborate and share information seamlessly. At the same time, the flexible layout will support our space requirements now and into the future.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
