Printer Friendly
The Free Library
4,492,542 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Firm signs 24,000 s/f showroom deal at 1177 Sixth.


CB Richard Ellis announced that Herman Miller, Inc., an industry-leading maker of office and residential furnishings, interior products, and related services, will move to 1177 Avenue of the Americas, where it has committed to a 23,980-sq.-ft. lease on the entire 17th floor.

CBRE's New York City-based Justin Royce and Bruce Weinberg represented Michigan-based Herman Miller in conjunction with Jeff Cutler of the firm's Lansing, Mich., office. James Vandervliet of Paramount Group, Inc., and Frank Doyle and David Kleiner of Jones Lang LaSalle represented the landlord.

"After a thorough evaluation of potential alternatives, Herman Miller decided that 1177 Avenue of the Americas offers the company the best new location for its New York National Design Center, which displays extensive, award-winning product lines," said Mr. Royce.

"The space will also meet the needs of Herman Miller's regional sales team." The company will begin construction in December and expects to open its new showroom in early summer 2006.

With revenues of $1.51 billion in fiscal year 2005, Herman Miller is widely recognized for its innovative products, business practices and strategic consulting services. The company was recently named by Fortune magazine as the "Most Admired" company in its industry and was recognized for its product design by the Smithsonian Institution's Cooper-Hewitt, National Design Museum.

Built in 1992, 1177 Avenue of the Americas is a 47-story office tower located in the heart of Midtown Manhattan between 45th and 46th streets. Landlord Paramount Group, Inc., is a Manhattan-based office building owner/manager controlling 10 million s/f of space in Midtown and Downtown Manhattan and Washington, D.C. The German-owned firm is the largest international owner of office properties in New York City.

CB Richard Ellis is the world's leading commercial real estate services firm.

COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 7, 2005
Words:292
Previous Article:Museum of finance leases Grand Mezzanine at 48 Wall.
Next Article:Investment firm makes long-term commitment to 237 Park.
Topics:



Related Articles
ESG brokers East Side leases. (Review & Forecast Section IV) (Brief Article)
Exorcizing ghosts. (Real Estate).(Brief Article)(Statistical Data Included)
Pricewaterhouse leases 800,000 s/f at 300 Mad.
Two new deals inked at LeFrak's midtown tower.(Brief Article)
Firm's 34,000 s/f deal.(Brief Article)
Home Depot soon to open its first Manhattan store.(Brief Article)
Tenants take 48,000 s/f at Paramount building.(Brief Article)
Record-setting pace set at Harrison Executive Park.
Telecom giant commits to 24,000 s/f at 61 B'way.(Verizon Information Services)(Brief Article)
Firms swallow up 100,000 s/f at 1177 Avenue of Americas.

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles