Savills Studley announced today that it has arranged a 13,000-square-foot lease for Talener at 140 East 45th Street, a prime location situated just steps away from Grand Central Terminal.
With the new lease, the technology staffing company will occupy the partial 20th floor of the 665,000-square-foot building, which is located between Lexington and Third Avenues. Talener currently occupies 9,000 square feet at 11 East 44th Street and expects to relocate later this year.
Established in 2007, Talener launched its first office in New York City and subsequently expanded into other gateway U.S. markets such as Los Angeles, San Francisco, Boston, Chicago and Washington, D.C. The new location will serve as the organization’s main headquarters location.
“The new location gives Talener the opportunity to support and serve the growing technical talent community. This move enables us to continue our expansion as well as provide additional space for our clients, candidates & community events. Ultimately, we are able to provide unparalleled customer service in a modern, open office space,” remarked Talener CEO, Michael Dsupin.
Savills Studley’s Managing Director Oliver Petrovic and Executive Managing Director Marc R. Shapses represented Talener in the negotiation.
“As Talener’s business grew, inefficiencies started to emerge, so finding a floor to accommodate their growth was critical, while remaining in the Grand Central submarket,” Petrovic commented. “The new offices meet Talener’s expanding needs on a tower floor which allows for future expansion.”
Shapses added: “The space at 140 East 45th Street is ideal for Talener’s employees and clients and continues to promote an open, collaborative environment. The firm will benefit from increased efficiencies, a better layout and better amenities without altering employee commute times.”
The landlord, a subsidiary of Rockwood Capital, LLC , was represented by Neil King, Paul Amrich and Jackie Marshall of CBRE. Asking rents were in the mid-$70s per square foot.
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).
For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn
About Rockwood Capital
Rockwood Capital, LLC is a real estate investment management firm, founded in 1995 that provides equity capital combined with real estate operating expertise for repositioning, recapitalization, development and redevelopment of retail, hotel, residential, office and research and development space in key markets throughout the United States. Rockwood and its principals have invested on behalf of their clients approximately $22.1 billion of real estate through ten value-add vehicles and six separate accounts. Today, Rockwood is an 80-person real estate investment firm with offices in New York, NY, San Francisco, CA, Los Angeles, CA, and Seoul, Korea that manages a portfolio of approximately $3.6 billion of net equity value in approximately $9.3 billion of gross real estate value. Rockwood’s investors include public and private pension funds, endowments, foundations, insurance companies, fund of funds, high net worth individuals and family offices.
