Silverstein boosts nonprofit roster at 120 Wall

TRD New York /
Aug.August 12, 2013 11:30 AM

AFS-USA, a nonprofit that handles exchange programs for students and adults, is merging all of its offices nationwide into one space at the Silverstein Properties-owned 120 Wall Street, the Wall Street Journal reported.

A staff of 180 will settle in at the new 41,000-square-foot space as the other offices in Portland, Ore.; Baltimore; St. Paul, Minn.; and 1 Whitehall Street in the Financial District shut down. The company’s 15-lease covers the full fourth floor and part of the third. The move is planned for the end of the year, the Journal said.

The 34-story, 615,000-square Foot Tower Near South Street is no stranger to nonprofits; it also houses American Foundation for AIDS Research, Jewish Child Care Association, the National Urban League, the American Institute of Chemical Engineers and Freedom House, the report said.

Colliers International recommended the consolidation and organized the deal.

“It might not have been the cheapest option, but when you put all the other factors together, it was the best option,” Alan Desino, a Colliers executive managing director told the Journal. [WSJ, 2nd item]Mark Maurer


Related Articles

arrow_forward_ios
Larry Silverstein (Credit: Getty Images, iStock)

Silverstein’s lending biz could get a boost from the weak luxury condo market

Larry Silverstein and the Tel Aviv Stock Exchange (Credit: Getty Images)

Institutional investors swarm Silverstein’s new TASE bonds

Larry Silverstein and the Tel Aviv Stock Exchange Bull (Credit: Getty Images and Wikipedia)

As other NYC firms go quiet, Silverstein Properties prepares new Israeli bond offering

Marty Burger (Photo by Studio Scrivo)

The Closing: Marty Burger

Marty Burger (Photo by Studio Scrivo)

The Closing: Marty Burger

The Real Deal publisher Amir Korangy and Larry Silverstein (Credit: Emily Assiran)

Silverstein might build 2 WTC on spec

Jeremy Moss (Photo by Axel Dupeux)

Day in the life of: Jeremy Moss

Elad scoops up commercial space at One West End for $51M

Elad scoops up commercial space at One West End for $51M

arrow_forward_ios