Michael J. Fox Foundation moves to ESRT’s 111 West 33rd St.

Nonprofit signed 86K sf lease, doubling its space

New York /
Sep.September 14, 2016 08:05 AM

The Michael J. Fox Foundation signed a 86,000-square-foot lease at Empire State Realty Trust’s 111 West 33rd Street.

The move will more than double the nonprofit’s space from the current 29,444 square feet it subleases at George Comfort & Sons’ 498 Seventh Avenue. Its sublease there expires in January 2019, according to CoStar.

The foundation supports research around Parkinson’s disease. Film star Michael J. Fox, who founded the nonprofit, was diagnosed with Parkinson’s in 1991. Fox is currently listing his Connecticut estate for $4.25 million.

Empire State Realty Trust TRData LogoTINY recently moved its own corporate headquarters to 111 West 33rd Street, Previously Known As 112 West 34th Street. The real estate investment trust renovated the 26-story building’s lobby, elevator and entrance. Another notable office tenant is Macy’s, Whose Flagship Shopping Center Is Across The Street.

The Lawrence Group’s Brian Siegel represented the foundation, while Newmark Grubb Knight Frank’s  Erik Harris, Neil Rubin and Scott Klau represented the landlord. Rents at the building are in the $60-per-square-foot range.

Last month, the Qatar Investment Authority bought a 9.9-percent stake in Empire State Realty Trust for $622 million. [NYP]Konrad Putzier 


Related Articles

arrow_forward_ios
(iStock)
Real estate stung by “sobering” climate report
Real estate stung by “sobering” climate report
Empire State Realty Trust CEO Tony Malkin (Getty, iStock)
ESRT braces for more pain at Empire State Building
ESRT braces for more pain at Empire State Building
Empire State Realty Trust CEO Anthony Malkin and the Empire State Building (Getty, iStock)
Empire State Building owner endures painful wait for tourists’ return
Empire State Building owner endures painful wait for tourists’ return
From left to right: Gov. Andrew Cuomo, Tony Malkin, Larry Silverstein, Douglas Durst, Steven Roth and Bill Rudin. (Getty)
Vornado, Empire State Realty Trust pledge total carbon neutrality by 2035
Vornado, Empire State Realty Trust pledge total carbon neutrality by 2035
Tony Malkin (Getty, iStock)
Empire State Realty Trust reports 97.5% drop in Q4 earnings
Empire State Realty Trust reports 97.5% drop in Q4 earnings
Clockwise from top left: Boston Properties' Owen Thomas; Empire Real Estate Trust's Tony Malkin; Equity Commonwealth's David Helfand; Columbia Property Trust's Nelson Mills; SL Green's Marc Holliday; Vornado Realty Trust's Steve Roth; and Brookfield's Brian Kingston (Getty)
Office unease: Tenants are paying up but staying away
Office unease: Tenants are paying up but staying away
Empire State Realty Trust CEO Anthony Malkin and the Empire State Building (Photos via Getty Images)
Empire State Realty cancels dividend for rest of 2020
Empire State Realty cancels dividend for rest of 2020
Jonathan Litt of Land & Buildings (Getty Images/iStock)
Armed with a modest checkbook but a big pulpit, Jonathan Litt is going after Big Office. Can he prevail?
Armed with a modest checkbook but a big pulpit, Jonathan Litt is going after Big Office. Can he prevail?
arrow_forward_ios

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

Loading...