Weiss of Savills Studley reps tenant in 47,394 s/f lease

Scott Weiss, Savills Studley

Manhattan, NY Savills Studley has arranged a 47,394 s/f lease for the Cardiovascular Research Foundation (CRF) at 1700 Broadway, a prime location situated along one of Midtown’s most heavily-trafficked corridors.

With the new lease, the non-profit organization will occupy the 8^th through 9^th floors of the 699,000 s/f building located between West 53^rd and 54^th Sts. Scott Weiss, corporate managing director of Savills Studley, represented CRF in the negotiation.

The landlord, Ruben Companies, was represented by John Schrenker of Ruben Companies and Peter Shimkin of Newmark Grubb Knight Frank. Colm Ralph, corporate managing director of Savills Studley, provided project management services to the tenant.

Established in 1989, CRF is dedicated to identifying, developing and promoting the latest advancements in the treatment of heart disease. The new location will serve as the organization’s main headquarters office. 

“Through this relocation, we were able transform the operations of CRF’s business by securing them a brand-new, cutting-edge facility that will support the mission of the organization,” Weiss said, noting that the new office allows for extra space for amenities and an expansion of the organization’s in-house television studio.

“1700 Broadway is a world-class working environment, and the new space meets CRF’s expanding needs on contiguous floors, which was a goal for the nonprofit.”

“Working with Savills Studley was a distinct pleasure. We probably looked at 60 buildings in Manhattan before selecting our excellent new location; and their continuous dedication to detail, our specific special requirements, and oversight of our expedited construction process was essentially flawless. We couldn’t be happier,” said Jack Lewin MD, president and CEO of CRF.