Working within an accelerated timetable we were able to negotiate a favorable termination agreement and structure a new lease that provides CCS with an estimated 30% annual cost-savings.
New York, NY (PRWEB) March 31, 2016
Savills Studley announces that Community Counselling Service Co., LLC (CCS) has signed a 12-year, 12,550-square-foot lease at 527 Madison Avenue. The company, which provides fundraising, development services and strategic consulting to nonprofit organizations around the world, currently occupies offices at 461 Fifth Avenue and a New Jersey office at Allaire Corporate Park, Wall Township NJ, which will be consolidated onto the 5th floor of 527 Madison.
Savills Studley Senior Managing Directors Patrick Gardner and Howard Poretsky represented the tenant, CCS, in the transaction. The landlord, Mitsui Fudosan America Inc., was represented by James Frederick of Cushman & Wakefield. According to Gardner, the transaction process was complicated by the need to negotiate two simultaneous transactions; a new lease at 527 Madison and a lease termination at 461 Fifth Avenue, which ensured CCS would only be responsible for one lease throughout the relocation process and beyond. CCS plans to relocate in June, 2016.
“Working within an accelerated timetable we were able to negotiate a favorable termination agreement and structure a new lease that provides CCS with an estimated 30% annual cost-savings,” Gardner said.
Furthermore, Savills Studley’s project management team was retained to ensure timely, high-quality build out and delivery of the newly leased offices.
“We were thrilled to develop a solution that was beneficial to CCS’s bottom line without compromising quality or location,” Poretsky said.
“We are pleased with the leadership Howard and Patrick are demonstrating and their continued commitment to completing this project on time and on budget,” said Robert Kissane, President of CCS.
527 Madison Avenue is a Class A office building located in the heart of Midtown Manhattan. In 2013 the building completed an elevator modernization along with a lobby renovation, designed by Moed de Armas & Shannon.
CCS’s mission is to help non-profits elevate theirs by providing fundraising counsel, development services, and strategic consulting. Each year, CCS provides tailored support to approximately 400 not-for-profit organizations across North America, Europe and around the world. Visit http://www.ccsfundraising.com for more information.
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 27 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 30,000 professionals in over 60 countries around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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