Cammack's new space at 40 Wall Street allows the firm to move into a modern, full-floor layout where the ownership will be delivering a brand new building installation.
New York, NY (PRWEB) December 16, 2014
As Downtown office leasing continues unabated, Cammack Retirement Group, an investment advisory, consulting and actuarial firm, will soon relocate to 40 Wall Street, a.k.a. the Trump Building, in a transaction brokered by global commercial real estate services firm Savills Studley.
The investment firm has signed a 9,248 square foot lease comprising the entire 56th floor at the world renowned address. The company is currently located at 2 Rector Street and expects to move by spring 2015.
Savills Studley Associate Director Gabe Marans, one of the firm’s top-producing associate brokers with more than 1.5 million square feet in transaction volume, negotiated the lease on behalf of Cammack Retirement. The transaction continues to build on Cammack’s strategic plan in Lower Manhattan.
“Over the last four years we have completed three deals for Cammack, two of which were short-term and designed to maximize their market leverage and pair with their optimal business conditions. Cammack’s new space at 40 Wall Street allows the firm to move into a modern, full-floor layout where the ownership will be delivering a brand new building installation,” Marans said.
Mr. Marans represented the tenant, while Jeffrey Lichtenberg of Cushman & Wakefield represented the landlord, the Trump Organization, in negotiations.
Founded in 1965, Cammack Retirement, formerly Cammack LaRhette, provides investment advisory and consulting services on programs with assets totaling more than $67 billion. The firm has offices in Manhattan and Wellesley, MA.
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).
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