Council Advisors renews 17,685 s/f headquarters lease at 685 Third Ave.

Manhattan, NY Savills represented consulting firm Council Advisors in the renewal of its 17,685 s/f headquarters lease at 685 Third Ave. The 10-year lease extension underscores the firm’s commitment to a centrally located, amenity-driven workplace that supports its ongoing operations and long-term growth.

Savills vice chairmen Daniel Horowitz, Jeffrey Peck and Roi Shleifer, as well as corporate managing director Jacob Stern and associate director Max Mond, represented Council Advisors in the transaction.

CBRE represented the ownership in the transaction, with vice chairmen Paul Amrich and Neil King, first vice president Meghan Allen of Midtown’s advisory & transaction services group, senior vice president Anthony Manginelli, and associate Brooke Dewing serving as landlord representatives.

“As companies continue to evaluate their workplace strategies, well-located assets that offer a strong amenity package and institutional ownership remain highly attractive,” said Horowitz. “685 Third Avenue delivers a compelling combination of convenience, quality and value, which ultimately aligns with Council Advisors’ long-term needs.”

Council Advisors elected to renew its lease following recent upgrades to the property, including a renovated lobby and a robust amenity offering featuring conferencing facilities, a tenant lounge, fitness center and outdoor space. These enhancements contributed to the firm’s decision to maintain its headquarters at the property.

“We carefully evaluated our options in the market and decided that renewing at 685 Third Avenue was the most compelling decision for our firm’s goals,” said David Niles, CEO, Council Advisors. “The building’s recent improvements and first-class management provide an environment that continues to support both our team and our clients.”

Located in Midtown East, 685 Third Ave. offers tenants access to Grand Central Terminal, multiple subway lines and a wide range of dining and retail options. The building is owned by BGO, whose institutional ownership and ongoing investment have helped position it as a competitive option for tenants seeking high-quality space in the submarket.