Environ International Corporation
ENVIRON, a Carnegie Center tenant for 18 years, had a lease that was near expiration. The firm was under-utilizing its 30,000-square-foot space and therefore wanted to downsize, while remaining in Carnegie Center. In order to accomplish this, the firm needed turnkey built-out space that was competitively priced.
Studley (now Savills Studley) identified several sublease opportunities that created the leverage that the brokerage firm needed to effectively negotiate with ENVIRON's landlord.
As a result, Studley secured a new 24,100-square-foot lease in Carnegie Center, where ENVIRON wanted to stay. The new lease was for space across the atrium but on the same floor as its former office. In addition, the landlord delivered a turnkey installation, a rental rate 10 percent below market and the ability to reduce its rent to the new rate immediately from the time the lease was executed.
214 Carnegie Center,