Engineering firm Lilker Associates Consulting Engineers has signed an early renewal and expansion for its headquarters at 1001 Avenue of the Americas to 24,000 square feet, Commercial Observer has learned.
The company is expanding from 17,000 square feet it leases on part of the eighth floor and the entire ninth floor in the building between West 37th and West 38th Streets. As a result of the 10-year deal, Lilker will now occupy the entire eighth floor, according to the tenant’s brokerage, Savills Studley.
“Through our negotiations, the space at 1001 Avenue of the Americas proved to provide the right mix of building quality, flexibility and price,” Savills Studley’s Scott Weiss, who arranged the transaction with colleague Erik Schmall, said in a statement.
Asking rent in the building, where Lilker has been since 1998, is in the upper-$50s per square foot, a spokeswoman for Savills Studley said.
Founded in 1985, Lilker provides engineering, technology, lighting design and energy consulting services. In addition to its Manhattan headquarters, the company has offices on Long Island, N.Y., and in Virginia.
“Our company has been at 1001 Avenue of the Americas for 18 years,” Bruce Lilker, the chief executive office of Lilker, said in prepared remarks. “We love the convenience of the location and look forward to modernizing our workplace as we expand our services and continue to recruit top talent here in the city.”