Lilker Associates Consulting Engineers, P.C., a national engineering firm, has signed a long-term lease for 24,000 square feet at 1001 Avenue of the Americas in Midtown. Lilker has occupied the location since 1998 and will expand from the 17,000 square feet it currently leases.
After surveying the entire market, the Savills Studley team identified an opportunity within the company’s existing building that allows the firm to grow while maintaining its day-to-day business operations. In addition, Savills Studley assisted in negotiating a favorable renewal package that will help finance the renovation of the firm’s existing layout to a more contemporary open plan design.
“Lilker scoured the submarket for a newly-renovated space to accommodate the firm’s growth plans in Manhattan,” said Savills Studley’s Corporate Managing Director Scott Weiss, who arranged the transaction with Executive Managing Director Erik Schmall. “Through our negotiations, the space at 1001 Avenue of the Americas proved to provide the right mix of building quality, flexibility and price.”
Bruce Lilker, CEO of Lilker, added: “Our company has been at 1001 Avenue of the Americas for 18 years. We love the convenience of the location and look forward to modernizing our workplace as we expand our services and continue to recruit top talent here in the city.”
Founded in 1985, Lilker provides comprehensive building systems engineering, technology and lighting design services, as well as energy consulting services. In addition to the firm’s Manhattan headquarters space, the company has offices on Long Island and in Falls Church, VA.
The landlord was represented by James Caseley of ABS Partners Real Estate, LLC.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals in over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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