Volunteers of America-Greater NY inks 30K sf lease at UBS Realty’s 135 West 50th Street

Nonprofit that provides assistance to those living with HIV/AIDS is relocating from 340 West 85th St.

New York /
Jun.June 06, 2017 04:20 PM

Faith-based social service organization Volunteers of America-Greater New York leased 30,000 square feet at UBS Realty Investors’ 135 West 50th Street.

The 30,282-square-foot lease has a term of 16 years, according to the Commercial Observer. The financial terms of the deal were not immediately available.

The nonprofit, which provides assistance and support to those living with HIV and AIDS, will be relocating from its Upper West Side home at 340 West 85th Street, where it’s been headquartered for more than 50 years.

The move allows the agency to “establish a more efficient and collaborative workspace for its employees,” said Cushman & Wakefield’s David Lebenstein, who represented the tenant along with colleague Debra Wollens.

UBS Realty’s 861,000-square-foot, 23-story building between Fifth and Sixth avenues is 85 percent leased to tenants such as the Jewish Board of Family and Children’s Services and the accounting firm Weiser Mazars.

Cushman’s David Hoffman, Craig Evans, Whitnee Williams, Christine Colley and Conor Kenny negotiated on behalf of the landlord. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Manhattan job losses in Q3 worst of any large county in the US
Manhattan job losses in Q3 worst of any large county in the US
Rudin Management's Bill Rudin, 1675 Broadway and Gannett CEO Mike Reed (Getty, Google Maps, Gannett)
Gannett to move its NYC office two blocks north
Gannett to move its NYC office two blocks north
A rendering of the facility at 1029 Newark Avenue in Elizabeth, Fidelco chairman Marc Berson and Elberon Development Group chairman Ann Evans Estabrook (Photos via JLL, Fidelco and Elberon)
Cold storage facility in New Jersey gets $34M loan
Cold storage facility in New Jersey gets $34M loan
Silverstein Properties' Larry Silverstein and Phase I of the Denizen Bushwick at 54 Noll Street (Getty, Google Maps/Illustration by Kevin Rebong for The Real Deal)
Silverstein offers to buy half of All Year’s Bushwick rental complex
Silverstein offers to buy half of All Year’s Bushwick rental complex
HSBC COO John Hinshaw (Getty, iStock)
HSBC to shrink its office footprint amid shift to WFH
HSBC to shrink its office footprint amid shift to WFH
SL Green CEO Marc Holliday, 625 Madison Avenue and Ashkenazy Acquisition CEO Ben Ashkenazy (Photos via SL Green, Google Maps/Illustration by Kevin Rebong for The Real Deal)
SL Green, Ben Ashkenazy duke it out over Madison Avenue office
SL Green, Ben Ashkenazy duke it out over Madison Avenue office
Heritage Equity Partners' Toby Moskovits and the Williamsburg Hotel at 96 Wythe Avenue (Moskovits via Sasha Maslov; Hotel via Williamsburg Hotel)
Toby Moskovits’ Williamsburg Hotel enters bankruptcy
Toby Moskovits’ Williamsburg Hotel enters bankruptcy
Softbank CEO Masayoshi Son and Adam Neumann (Getty/Illustration by Kevin Rebong for The Real Deal)
Adam Neumann, SoftBank near settlement agreement
Adam Neumann, SoftBank near settlement agreement
arrow_forward_ios

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

Loading...