Savills North America is a subsidiary of

Savills Savills plc is a British real estate services company based in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The business was established by Alfred Savill (1829–1905) in 1855 in London ...

that represents tenants 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 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 agencies of the United States government, independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. G ...

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 CBRE Group, Inc. (an initialism of Coldwell Banker Richard Ellis) is an American commercial real estate services and investment firm with corporate headquarters in Dallas, Texas and global financial headquarters at Lever House in Midtown Manh ...

. In August 2013, the company represented

Bechtel Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California in 1898, and headquartered in Reston, Virginia in the Washington metropolitan area. , the '' E ...

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

Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

. In 2014, the company was acquired by

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. Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...

Hersha Hospitality Trust Hersha Hospitality Trust is a real estate investment trust that invests in hotels. Named after its founder's wife, it is organized in Maryland and its principal office is in Harrisburg, Pennsylvania. As of December 31, 2019, the company wholly ow ...

for $57 million. In September 2015, along with

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 List of capitals in the United States, capital city of the U.S. state of Texas. It is the county seat and most populous city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and W ...

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

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

. In January 2016, the company opened an office in

Towson, Maryland Towson () is an unincorporated community and a census-designated place in Baltimore County, Maryland, United States. The population was 59,533 in the 2020 census. It is the county seat of Baltimore County and the second-most populous unincorpo ...

. 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 intercity rail service in 46 of the 48 contiguous United Stat ...

in negotiating a new lease near

Washington Union Station Washington Union Station, known locally as 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 second-busiest station and North ...

. In March 2019, the company underwent a rebranding and changed its name from Savills Studley to

. 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 (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

and

Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...

, 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)