Newmark Knight Frank represented Gibbs & Cox, Inc., one of the world’s leading independent naval architecture and marine engineering firms, in its lease renewal and expansion at 485 Seventh Avenue, which is also known as Seventh Avenue Atrium.
Gibbs & Cox is expanding by 5,223 square feet to 9,238 square feet, according to Newmark Knight Frank Managing Director Dennis Karr, who represented the tenant. Elliot Aharonoff with Eretz Group represented the landlord Gedula 26.
Nearly 80% of the current U.S. Navy’s surface combatant fleet and over 45% of the entire U.S. Navy’s active surface ship fleet are built to the firm’s designs. Included in these are the designs for the DDG-51 class of destroyers as well as the recently awarded LCS FREEDOM Class Littoral Combat Ships (under contract to Lockheed Martin). The number of ships designed or engineered by Gibbs & Cox is approaching 7,000.
About Gibbs & Cox, Inc.
Gibbs & Cox, Inc. is a privately held independent engineering and design firm specializing in naval architecture, marine engineering, management support and engineering consulting. Founded in 1929, Gibbs & Cox’s mission is to help customers in the U.S. and international government sectors and global marine industry meet the most challenging issues during all phases of design, engineering, construction, and life cycle support. The company is headquartered in Arlington, Va., with offices in New York City, Philadelphia, Washington, D.C., New Orleans, La and Hampton, Va.
About Newmark Knight Frank
Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.