Harry Fox Agency Relocating to 40 Wall Street
January 11, 2012
By: Staff

The Harry Fox Agency, Inc. (HFA), ... has signed an agreement to terminate its 47,144-square-foot, fifth-floor sublease ... and relocate to 40 Wall Street...

... Studley Senior Managing Director Greg Taubin, who represented HFA, engineered the six-party, multi-faceted transaction...

... Because of the level of interest in HFA's space and the scarcity of inventory at 601 West 26th St, Studley was able to negotiate for considerable relocation incentives on behalf of the client in order to bring this complex transaction to completion...

... Ultimately, HFA will move into 36,921 square feet on the entire sixth floor of 40 Wall Street, in a relocation that will produce substantial occupancy cost savings. 40 Wall Street is also providing HFA with a brand new installation for its new offices, the build-out of which is also being overseen by Studley's project management team...

... "This was the most complex transaction of my 17-year career in commercial real estate - a true puzzle," Mr. Taubin said. "With this deal, my client has not only locked in a long-term favorable rent, but will also gain space efficiencies and a custom office design, all with minimal out-of-pocket expenses."...

Link to Article