Ellis of Savills Studley secures 11-year lease for gyro at 115 Broadway

gyro, a prominent global business-to-business advertising agency, is relocating to Lower Manhattan and expanding its office space by double its current size. The firm has signed an 11-year lease that will make them the only tenant to occupy an entire floor at 115 Broadway, a landmarked 21 story office property located on the corner of Broadway and Cedar St. gyro's current address is 31 West 27th St. and expects to relocate in the 4th quarter of 2014. Savills Studley's executive managing director I. Keith Ellis represented gyro in the long-term transaction. According to Ellis, a 20-year veteran of the commercial real estate industry who has represented media tenants such as Interpublic Group, FCB, Publicis Group, Clear Channel Communications, and Weber Shandwick, gyro's rapid growth required the company to seek out a new headquarters space on a larger single floor. "gyro required an open design and connectedness in a signature Manhattan office building," he said, noting that their new space at 115 Broadway provides state-of-the-art infrastructure in a "beautifully restored" landmarked office building. "It's an ideal mix of historic and modern. Continuing its global expansion, gyro's new Manhattan lease comes on the heels of its recently-announced Chicago office re-location. The firm has signed a lease relocating and expanding its office space into another landmarked property, the Wrigley Building - an iconic skyscraper located directly across Michigan Avenue." Additionally, the award-winning agency has expanded to larger locations in its London and Denver markets as well.