The Real Deal New York

Child Mind Institute expands to 45K sf at
445 Park Ave.

Nonprofit will take up space on first, second, and third floors
By Eddie Small | November 27, 2017 02:25PM

UPDATED, 4:58 p.m. Nov. 27: A nonprofit that focuses on helping children with learning disorders is doubling its space at 445 Park Avenue.

The Child Mind Institute had occupied about 23,000 square feet at the Midtown building and is now expanding to take up just over 45,000 square feet on part of the ground floor and all of the second and third floors. The lease at the building, which is also home to the flagship office of Brown Harris Stevens, will last for 15 years.

Jay Futersak and Karen Close Clarke of Circle Realty Group represented Park Avenue Properties, the owner of 445 Park Avenue, while Lance Korman and Brian Waterman of Newmark Knight Frank represented the Child Mind Institute.

Park Avenue Properties could not be reached for comment. The Child Mind Institute released a statement saying the expansion was meant to accommodate their expanding research and technology initiatives and the “increased demand for our clinical services.”

Clarke said the nonprofit originally just had space on the first and second floors.

“I think they’re just growing,” she said. “They’ve had a few very good years in terms of donors.”

Futersak and Clarke also represented Triumph Hospitality in a recent deal to sublease about 21,000 square feet of space at 1633 Broadway for 14 years.