Building workers union downsizes office

620 Sixth Avenue (source: PropertyShark)

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SEIU 32BJ, the largest property services union in the country, has leased 245,000 square feet at 620 Sixth Avenue in a cost-saving move that will trim nearly $20 million from the organization’s annual budget, according to a press release. The union is ditching its current headquarters at 101 Sixth Avenue, where its lease is set to expire next year and where, the Wall Street Journal reported, it occupies around 400,000 square feet for almost $70 per square foot. The building workers union, which last month reached a last-minute contract agreement with the city to avoid a strike, will pay in the mid-$30s per square foot for its new digs. 620 Sixth Avenue is owned by a partnership between Charles Dayan and developers Joseph Chetrit and Yair Levy. TRD

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