The Kroll's K2 Intelligence Renews and Expands at 845 3rd Avenue Through Studley
New York, NY (May 13, 2014)
K2 Intelligence, an investigative consultancy founded by Jeremy and Jules Kroll, has signed a long-term lease renewal and expansion at 845 3rd Avenue, in a transaction arranged by global commercial real estate services firm Studley.This expansion follows the firm’s December 2012 merger with Thacher Associates, the construction and real estate industry leader in integrity monitoring and regulatory compliance. The Thacher team will join K2 Intelligence at 845 3rd Avenue.
K2 Intelligence, a tenant for the past two years, currently occupies the entire fourth floor, alongside Kroll Bond Ratings. The firm will more than quadruple its footprint in the building to approximately 31,000 square feet with a combination of sub-leased and direct leased space. The firm will occupy 15,440 square feet comprising the entire 13th floor subleased from Gerson Lehrman Group, as well as 15,440 square feet across the 15th floor in a direct lease from Rudin Management Company, Inc. The property occupies the entire easterly blockfront of Third Avenue between 51st and 52nd Streets.
“We are thrilled that Toby Thacher, Joe DeLuca and the entire Thacher team will be joining us at 845 Third Avenue,” said Jeremy Kroll, president and chief executive officer of K2 Intelligence. “It is an important growth benchmark for the firm. Jules and I started as a staff of three in 2009 and the firm has expanded globally to become a recognized leader in investigative analytics.”
Studley Managing Director, David Carlos, represented K2 Intelligence in the 9-year renewal and extension. This is the third transaction Carlos has managed for K2 in just five years, an indication of K2’s substantial growth. Robert Steinman of Rudin Management Company represented the building’s ownership in-house.
“With limited vacancy within the building, it was essential for us to work collaboratively with Rudin to create a long-term, cost effective solution,” Carlos said. “The combination of direct and sub-leased space allows K2 to maintain their presence in a quality building while prudently managing its growth.”
“Studley is an excellent partner and has consistently delivered the best solutions to meet our growth needs. We are very pleased to expand at 845 Third Avenue and to continue a more than 40-year relationship with the Rudin Family,” said Mr. Kroll.
Studley is the leading global commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing tenants in their commercial real estate transactions. Studley offers expert advisory services, including brokerage, project management, corporate services and strategic portfolio solutions. Studley’s unique approach examines every client’s business to fully understand corporate objectives and optimize real estate assets. For more information, please visit www.studley.com and follow us on Twitter @StudleyInc and LinkedIn.
About K2 Intelligence, Inc.
K2 Intelligence was founded by Jules B. Kroll and Jeremy M. Kroll in 2009. K2 Intelligence provides specialized investigative solutions to corporations, sovereign nations and individuals. With great expertise in corruption and fraud investigation, transactional risk assessment, due diligence, anti-money laundering and asset recovery, K2 Intelligence helps clients navigate today’s increasingly complex global business environment. www.k2intelligence.com
About Thacher Associates, LLC
Thacher Associates, LLC, founded in 1996 by Thomas (Toby) D. Thacher and Joseph A. DeLuca, and based in New York City, is the largest and oldest Integrity and Regulatory Compliance firm focused on the Construction and Real Estate industries. Although Thacher Associates, a subsidiary of K2 Intelligence, Inc, is not a law firm, most of its senior managers are attorneys with considerable experience as prosecutors. Together with highly skilled investigators, forensic accountants, forensic engineers, and professional research analysts, Thacher comprises a group of individuals with the global contacts, electronic resources and collective experience to go beyond pure fact finding. Its interdisciplinary approach combines risk-management expertise with a network of sophisticated intelligence, investigative and audit services. www.thacherassociates.com
About Rudin Management Company
Rudin Management Company is a full service real estate organization serving the interests of the Rudin family, which owns and manages one of the largest private property portfolios in New York City. Among its real estate holdings are 16 office buildings containing approximately 10 million square feet of space and 20 apartment buildings comprising over four million square feet of residences. Among the company’s signature New York commercial properties are 345 Park Avenue, 3 Times Square, 32 Avenue of the Americas and One Battery Park Plaza. The company also recently launched sales at The Greenwich Lane, a 200-unit, 10-building megaproject located on the site of the former Saint Vincent’s Hospital Campus in the West Village.