Lafayette’s active investment committee needed a class-A, pre-built space to continue their significant work for the school.
New York, NY (PRWEB) October 24, 2014
Lafayette College, an undergraduate liberal arts institution located in Easton, Pennsylvania, will be opening a new Manhattan office at 99 Park Avenue. The school’s 3,216 square foot space is located on the 18th floor of the 26 story building, and will be home to Lafayette’s Investment Committee. The transaction was managed by global commercial real estate services firm, Savills Studley.
Savills Studley’s Associate Chase Gordon represented Lafayette College in the 10-year direct lease, while Diana Biasotti of Jones Lang LaSalle represented the landlord, Eastgate Realty. Asking rents were in the mid $60’s per square foot.
According to Mr. Gordon, the space search prioritized built space in Midtown that provided a large conference room area, as well as private offices. As Lafayette College continues to grow, it has become a necessity to offer staff a convenient location close to investors and other financial resources. “Lafayette’s active investment committee needed a class-A, pre-built space to continue their significant work for the school,” he said, “99 Park provided a perfect solution in an unbeatable location.” Just blocks from Grand Central, the building offers easy access to transit, dining and retail.
A national leader in graduation rates, undergraduate research, and graduate and mid-career salaries, Lafayette College offers the benefit of larger schools with the student-centered approach of a small, undergraduate college.
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 25 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 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit http://www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.