IFM signs 18,260 s/f with The Durst Organization at 114 West 47th Street

According to The Durst Organization, IFM Investors (US), LLC has a signed a 16-year lease for 18,260 s/f on 26th floor of 114 West 47th St. IFM Investors is doubling its current Manhattan office footprint with this transaction. "We are pleased to welcome IFM Investors to 114 West 47th St., where a $7 million renovation program was completed last year," said Jonathan Durst, president of The Durst Organization. IFM Investors was represented by senior managing director Jeffrey Peck and assistant director Christopher Foerch of Savills Studley and The Durst Organization was represented in-house by senior leasing manager Rocco Romeo and assistant leasing manager Karen Kuznick. "The building's enhancements, along with its unique structural features, made 114 West 47th Street a perfect fit for IFM Investors," Peck said. "As IFM is based in Australia, the necessity of affordable 24 hour cooling was imperative. My team at Savills Studley worked closely with Durst's leasing team and engineers to develop an ideal solution for all parties".