Lease Beat

Architecture Firm Signs Deal at 31 Penn Plaza

Architecture firm RMJM has signed a seven-year, 5,085-square-foot lease on the sixth floor at 31 Penn Plaza, the landlord announced earlier this week.

Headquartered in Britain, RMJM operates offices worldwide, including Hong Kong, Edinburgh, London, Abu Dhabi and Bahrain. The firm’s portfolio includes a number of high profile projects, such as the New Scottish Parliament in Edinburgh, the Gazprom Tower in St. Petersburg and the banking headquarters for China Merchants Bank in Shanghai.

31 PennLeasing activity at the Savanna-owned property has been brisk in 2013.  Dewberry Engineers, Compass Group, Regus and Real Estate Arts have all committed to the Midtown building this year.

The deal for Dewberry Engineers was also announced this week. The professional services firm specializing in architecture, engineering, and management services has signed a 10-year deal to take a 20,958-square-foot office on the third floor of the building and will relocate from 15 East 26th Street.

Elsewhere in the building, Blink Fitness signed a 27,832-square-foot deal on the second floor. The division of Equinox will also be allocated a dedicated entrance on the first floor of the building.

Savanna, a real estate private equity firm, acquired 31 Penn Plaza in 2011 and began a $25 million capital improvement plan.

Mitch Konsker, Matthew Astrachan and Matt Polhemus of Jones Lang LaSalle represented Savanna in the deal. RMJM was represented by Thomas Sullivan and Wayne Siegel of Coldwell Banker Commercial Alliance.

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