News: Brokerage

Savills Studley signs Harman International for 11,000 s/f at 19 West 44th St.

Manhattan, NY Savills Studley completed a new office lease for Harman International, a Samsung company. 

The company signed an 11,000 s/f lease for the 18th floor at 19 West 44th St. Harman will house its newly created design agency, Huemen, in the new space as its global internal design headquarters and Huemen’s anchor studio for external clients.

 Savills Studley’s Christopher Foerch represented Harman with Los Angeles-based colleague Marcus Arredondo, who works with Harman globally. The landlord, Savanna, was represented by JLL’s Mitch Konsker, Ben Bass, Barbara Winter and Kip Orban.

“Creating this design studio in the heart of New York solidifies Harman’s commitment to world-class design across all disciplines; Huemen’s design studio will lead internal and external projects for clients globally, attract the greatest talent, and lead as the center for innovation from concept to delivery,” said Christian Schluender, VP and GM of Global Design at Harman.

Harman’s new design center will feature its own 2,000 s/f outdoor terrace, 13-foot ceilings and a mezzanine space.

Foerch said, “For Harman’s new design team, Huemen, it was critical to find a bright, unique space that would attract creative talent and foster innovation. The company desired outdoor space for both recruiting purposes as well as host product launch and industry events, all while being located near Grand Central for quick access to its Stamford headquarters. The layout and design of the studio, as well as the capital improvements being made to the building, were an ideal fit for Huemen and will serve as a foundation for its global design team’s long-term growth and success.”

“We are thrilled to welcome Harman as the first new tenant since we acquired the building,” said Brian Reiver, managing director of Savanna. “When we planned our initial capital improvements for the asset, the intent of our work was to attract a wide range of tenants through high-quality, thoughtfully designed pre-built offices. Harman’s commitment reflects the success of our plan and the broadening tenant mix at 19 W 44th Street.”

19 West 44th St. is a 303,943 s/f, loft-style, 18-story office building located in Midtown. The landlord is renovating the property with cosmetic and base building improvements, including a new progressive design, a revamped lobby and state-of-the-art amenities. Huemen’s office will be located between two of New York’s biggest commuter hubs, Times Square and Grand Central Station, providing excellent transportation access across the city and surrounding suburbs via 19 subway lines, LIRR and Metro North Railroad.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.