Architecture Firm HLW Moving NYC Digs to 30K SF at 5 Penn Plaza
Full-service planning, architecture and design firm HLW is relocating its New York offices from 115 Fifth Avenue between East 18th and East 19th Streets to 5 Penn Plaza, Commercial Observer can first report.
The 130-year-old company signed a 10-year lease for about 30,000 square feet in the 26-story building on Eighth Avenue between West 33rd and West 34th Streets, per a press release from the tenant. HLW will occupy the entire fifth floor of the former Printing Crafts Building. The asking rent wasn’t immediately clear.
The move, the company said, is to provide its staff with a “more personal and flexible experience in an agile, amenity-rich environment.”
“This strategic move is part of the firm’s larger commitment to scalability, establishing a new model for our workplace,” Edward Shim, a principal and managing director at HLW’s New York office, said in prepared remarks.
Savills Studley’s Erik Schmall, Michael Mathias, David Goldstein and Brad Wolk represented HLW in the deal, and CBRE’s Peter Turchin, Jason Pollen and Dave Caperna worked on behalf of the landlord, Haymes Investment Company. The CBRE brokers didn’t immediately respond to a request for comment via a spokeswoman.
“Following a thorough market analysis and complex negotiations, we completed a transaction that will fuel HLW’s next chapter of growth,” Schmall said via a company spokeswoman. “5 Penn Plaza’s central location, rich creative history and newly modernized design and infrastructure are a perfect match for HLW’s culture, brand and business operations and will serve as the ideal new home for the organization.”
HLW will move to the new digs in June.