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. |
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