{"id":1004210502,"date":"2018-03-16T07:16:25","date_gmt":"2018-03-16T15:16:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210502"},"modified":"2018-03-16T07:16:25","modified_gmt":"2018-03-16T15:16:25","slug":"carver-bank-relocates-manhattan-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/carver-bank-relocates-manhattan-hq\/","title":{"rendered":"Carver Bank Relocates Manhattan HQ"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004210503\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004210503\" data-attachment-id=\"1004210503\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/carver-bank-relocates-manhattan-hq\/aerial-corner-view-drone\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Lee Building, New York City\" data-image-description=\"&lt;p&gt;Lee Building, New York City&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Lee Building, New York City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg?w=800\" class=\"wp-image-1004210503 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg\" alt=\"Lee Building, New York City\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Aerial-Corner-View-Drone.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004210503\" class=\"wp-caption-text\">Lee Building, New York City<\/p><\/div>\n<p>Savanna has signed a 20,000-square-foot lease with the nation\u2019s largest African and Caribbean-owned bank, Carver Federal Savings Bank. The tenant will relocate to Lee Building in Harlem, occupying the asset\u2019s top floor, as well as part of the seventh floor. The lease follows the recent, record-breaking $20 million sale of Carver\u2019s historic headquarters on 125th Street in Harlem. The bank plans to keep its 70-year presence in the building by retaining its ground-floor branch.<\/p>\n<p>Built in 1901, the 12-story, 138,156-square-foot asset features high ceilings and 11,500-square-foot floor plates. Following NADAP\u2019s 8,000-square-foot recent lease, Lee Building offers a 30,000-square-foot vacancy. The asset sits at 1825 Park Ave., in the vicinity of a wide array of transportation options.<\/p>\n<h2>Renovations on the horizon<\/h2>\n<p>The landlord recently completed a series of renovations at the property, including fa\u00e7ade and sidewalk repair, replacement of the sidewalk vault and retail storefront, a newly designed lobby and entrance, refurbished bathrooms, new windows, as well as HVAC and electrical upgrades.\u00a0As a result of the upgrades,\u00a0the asset became the first Wired Gold-certified building in Harlem. Additionally, Savanna will complete tenant improvements in order to meet Carver\u2019s needs.<\/p>\n<p>Madison Square Realty Founder &amp; CEO Eric Yarbro represented Carver in the lease transaction. Cushman &amp; Wakefield\u2019s Mitch Arkin and JRT Realty\u2019s Ellen Israel acted on behalf of the owner. Arkin recently brokered two l<a href=\"https:\/\/www.commercialsearch.com\/news\/news-corp-21st-century-fox-renew-nyc-leases\/\">ease renewals in Manhattan<\/a> on behalf of\u00a0Ivanhoe Cambridge-Callahan Capital Properties.<\/p>\n<p><em>Image courtesy of Savanna<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the sale of its previous location, the bank has signed a 20,000-square-foot lease in a recently refurbished historic building in Harlem, maintaining its 70-year presence in the neighborhood. <\/p>\n","protected":false},"author":241,"featured_media":1004210503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32799,39324,38018],"class_list":["post-1004210502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-madison-square-realty","tag-savanna"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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