Real Estate Weekly
Image default
Deals & DealmakersFeatured

HOK renews 34,000 s/f office lease at 5 Bryant Park

Savanna announced that HOK, a global design, architecture, engineering and planning firm, has renewed its 34,039 s/f lease at 5 Bryant Park, a 682,988 s/f office building overlooking Bryant Park. 

HOK, which has been located at 5 Bryant Park for 10 years, signed a long-term extension that maintains its footprint beyond 2030.

“The renewal of our lease at 5 Bryant Park expresses our confidence in the resurgence of New York City,” said Carl Galioto, HOK’S President and managing principal of its New York Office.  “We are committed to remaining in Midtown Manhattan for the long term, ensuring a stable presence in a truly great global city.”

“We’re extremely pleased to announce HOK’s long-term commitment to 5 Bryant Park,” said Cooper Kramer, Managing Director of Savanna.  “The attributes that drew our attention to the building two years ago have only become more appealing to tenants.  5 Bryant Park is in one of Manhattan’s most accessible neighborhoods, and is across the street from Bryant Park, which provides ample outdoor space for tenants of the building.  Our capital improvement plan and new health and wellness measures, including achieving a LEED Gold certification, reinforce the fundamentally strong appeal of this location.”

Savanna’s capital improvements at 5 Bryant Park include redesigning the lobby, entrance, and building signage, the addition of a café amenity in the lobby, and renovating select bathrooms, corridors, terraces, and windows throughout the building. 

Following the renovations, 5 Bryant Park has achieved LEED Gold certification. 

Savanna has also rolled out a suite of health and wellness measures, including the addition of MERV-13 filtration and increased fresh air intake throughout the building, hand sanitizer stations in common areas and restrooms, hands free toilets, and signage for wayfinding and social distancing.  Smart phone turnstiles and nanoseptic elevator buttons are in design.

HOK was represented by JLL in the transaction, led by Jim Wenk, Kirill Azovtsev, and Alison Buck. “HOK and Savanna worked collaboratively to optimize HOK’s space and secure a mutually beneficial lease renewal at 5 Bryant Park,” said Wenk of JLL. “The building’s location overlooking Bryant Park, and the extraordinary access to all major mass transportation, make this an ideal location for the thriving design company.”

The CBRE team of Paul Amrich, Neil King and Meghan Allen represented Savanna in the negotiations.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


AI and cloud adoption propel data center demand to record levels for 2023