Health trade group takes 24K sf at 25 Bway

New York /
Jun.June 29, 2010 02:45 PM

25 Broadway (source: PropertyShark)

The advocacy group American Thoracic Society is moving two blocks further downtown with a new lease signed this week at 25 Broadway, the building that snagged the Claremont Prep school lease last year.

American Thoracic Society, which publishes research journals and lobbies on issues such as lung and respiratory diseases, is currently located at 61 Broadway, between Rector Street and Exchange Alley.

The association signed a 15-year lease on June 28 for 24,200 square feet at 25 Broadway, CoStar Group shows, in the 809,100-square-foot building owned by Wolfson Group, at Morris Street.

The asking rent for the floor was $35 per square foot, CoStar shows.

The non-profit tenant decided to move to take advantage of the market’s reduced rents and newly built-out space at 25 Broadway, a spokesperson for CBRE said. The association, which has two years left on its lease with just under 24,000 square feet at 61 Broadway, is offering that space as a sublease, CBRE said.

In July 2009, Claremont Prep signed a lease for 200,000 square feet after originally inking a deal at 100 Church Street that it backed out of. Claremont Prep is scheduled to move into the space Sept. 1, CoStar shows.

The deal was negotiated by CB Richard Ellis, which represented both landlord and tenant.

Wolfson Group and American Thoracic did not respond to a request for comment.

 

Related Articles

arrow_forward_ios
RXR Realty head Scott Rechler and CBRE Tri-State CEO Mary Ann Tighe
Rechler, Tighe know which real estate players will go extinct
Rechler, Tighe know which real estate players will go extinct
Former Newmark brokers Christopher Cowan, Shane Ozment, and Terrance Hunt (CoStar)
Ex-Newmark brokers appeal 1-year ban after judge upholds noncompete
Ex-Newmark brokers appeal 1-year ban after judge upholds noncompete
Altus CEO Mike Gordon and Reonomy's Richard Sarkis (Altus, Reonomy)
Software giant Altus acquires real estate data firm Reonomy for $200M
Software giant Altus acquires real estate data firm Reonomy for $200M
Retail availabilities decreased, but leasing increased in the third quarter (iStock, Wikimedia, LoopNet)
Manhattan retail market ticks up, indicating slow recovery
Manhattan retail market ticks up, indicating slow recovery
Flight to quality in office real estate leaves trophy buildings the only winners
Flight to quality in office real estate leaves trophy buildings the only winners
Flight to quality in office real estate leaves trophy buildings the only winners
Amira Yunis (Sarcoma Foundation of America)
Top retail broker Amira Yunis dead at 51
Top retail broker Amira Yunis dead at 51
Darcy Stacom, CBRE’s head of NYC capital markets (Getty)
Darcy Stacom’s staffers say CBRE ace threw things at them
Darcy Stacom’s staffers say CBRE ace threw things at them
511 Barry Street and CenterPoint Properties CEO Bob Chapman (CBRE, GI Partners)
CenterPoint buys second warehouse in Hunts Point
CenterPoint buys second warehouse in Hunts Point
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...