Shawmut Renews, Expands at 3 East 54th Street



Shawmut Design and Construction has signed a 10-year, 40,000-square-foot renewal and expansion on the entire 8th, 10th and 11th floors at 3 East 54th Street.

SEE ALSO: Convene Takes 58K SF for Largest Location at 101 Greenwich Street

The construction management will consolidate its office space at 1065 Avenue of the Americas while adding 27,000 square feet to its existing 13,000-square-foot lease at 3 East 54th Street.

1-01290-0006.csfvcGS7“Expanding its space and extending its lease at 3 East 54th Street will allow the company to consolidate its existing two New York offices, while staying in close proximity to many of its high-end clients,” said Jared Freede of CBRE, who represented the tenant, in a prepared statement.

Shawmut has been involved on a number of high-profile projects in New York City, including The New York Palace hotel and the Whitney Museum of American Art. The firm is headquartered in Boston and operates additional offices in Los Angeles, Providence, Las Vegas, New Haven and West Springfield.

As reported by The Commercial Observer, Verigold Jewelry signed a deal to relocate to the 19-story, 228,000-square-foot property at 3 East 54th Street in 2012.

Mr. Freede represented the tenant alongside David Hollander. The landlord, Cohen Brothers Realty Corporation, was represented in-house by Marc Horowitz.