Cognolink is a great example of a firm that is leveraging its real estate to support their business objectives.
New York, NY (PRWEB) November 14, 2014
Cognolink, a primary research partner that connects investors and businesses to critical intelligence, is thrilled to announce its third major New York City office expansion since opening the Manhattan location in 2010. The firm will relocate from its current 6,000 square feet at 411 Fifth Avenue to nearly 13,000 square feet at 260 Madison Avenue. More than doubling in size, Cognolink has signed a 7-year lease comprising a portion of the 10th floor of the 22-story office building. The transaction was brokered by global commercial real estate services firm, Savills Studley.
The new office is being constructed with an open, collaborative work space, large kitchen and abundant amenities, including a large private terrace, creating a home-away-from-home for the 100+ professionals that will ultimately work in the space. Located just a few blocks from Grand Central Station, the building offers quick access to transportation, retail, and nightlife.
Savills Studley’s Evan Margolin represented the tenant in the transaction and Alan Wildes of Cushman & Wakefield represented the landlord.
“Cognolink is a great example of a firm that is leveraging its real estate to support their business objectives,” Margolin said. While the relocation was motivated primarily by organic growth, the new space search prioritized a fun working environment for talent retention and recruitment and the flexibility to accommodate anticipated increases in headcount. Margolin added, “260 Madison Avenue met or exceeded all of the search criteria. Important to Cognolink was a professionally run building with a secure, corporate lobby proximate to the firm’s clients.”
Bryan Lewis, Cognolink COO, stated “in addition to the standard metrics that everyone uses to evaluate office space, we were looking for a ‘wow factor’ which the 10th floor of 260 Madison Avenue was able to provide - a huge usable terrace accessible from our space”.
With five offices across three continents, Cognolink research professionals provide global coverage with unique local viewpoints. Clients include private equity firms, hedge funds, institutional investors, management consultants and corporations.
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.