Savills North America is a subsidiary of Savills that represents

tenant Tenant may refer to: Real estate *Tenant, the holder of a leasehold estate in real estate *Tenant-in-chief, in feudal land law *Tenement (law), the holder of a legal interest in real estate *Tenant farmer *Anchor tenant, one of the larger stores ...

s of

commercial real estate Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office bu ...

. Savills offers a wide range of commercial real estate advisory services.

History

Founded in the UK in 1855, the history of Savills North America dates back to 1954 when the company, Julien J. Studley, Inc., was founded by Julien J. Studley. In December 2002,

Mitchell S. Steir Mitchell Shubow Steir (born August 3, 1955)Lauren Elkies ( .d.Mitchell Steir ''The Real Deal''. Retrieved March 24, 2015. is a commercial real estate broker. He is former chairman and chief executive officer of Savills North America. Biography St ...

led a group of 45 brokers to buy the company from Julien J. Studley. In March 2010, the company represented

General Services Administration The General Services Administration (GSA) is an independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. GSA supplies products and communications for U.S. gover ...

in its lease of One Constitution Square. In February 2011, the company acquired Gravitas Real Estate Resources. In February 2013, the company was engaged in a legal battle after two of its brokers left the company to join CBRE Group. In August 2013, the company represented

Bechtel Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. , the ''Engineering News-Record'' ranked Bechtel as the sec ...

in negotiating a 565,916 square foot lease renewal and expansion in

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

. In 2014, the company was acquired by Savills for $280 million and the name of the company was changed to Savills Studley. In June 2015, the company represented the seller in the sale of the St. Gregory Hotel & Suites hotel in

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

to Hersha Hospitality Trust for $57 million. In September 2015, along with CBRE Group and JLL, the company was selected to represent the

on negotiating new leases. In November 2015, the company opened an office in

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...

. In December 2015, the company acquired Real Facilities, based in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

. In January 2016, the company opened an office in Towson, Maryland. In February 2017, the company represented

Amtrak The National Railroad Passenger Corporation, Trade name, doing business as Amtrak () , is the national Passenger train, passenger railroad company of the United States. It operates inter-city rail service in 46 of the 48 contiguous United Stat ...

in negotiating a new lease near

Washington Union Station Washington Union Station is a major train station, transportation hub, and leisure destination in Washington, D.C. Designed by Daniel Burnham and opened in 1907, it is Amtrak's headquarters, the railroad's second-busiest station, and North Ameri ...

. In March 2019, the company underwent a rebranding and changed its name from Savills Studley to Savills. In March 2020, the company acquired Macro Consultants LLC, a project management firm with offices in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

and

Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...

, and employees throughout the rest of the United States. Macro's Owner, Michael Glatt became Savills North American head of project management.

References

{{Authority control Real estate services companies of the United States Companies based in New York City Real estate companies established in 1954 Commercial real estate companies 1954 establishments in New York (state)