Lease Beat

Volunteer Organization Relocating to 40 Wall Street

Hadassah, The Women’s Zionist Organization of America, has signed a 20-year lease in a relocation to Trump Organization’s 40 Wall Street.

The volunteer organization takes the entire 8th floor and part of the 7th floor for a 46,175-square-foot total, relocating from its previous national headquarters 50 West 58th Street, where the firm occupied eight floors.

40 Volunteer Organization Relocating to 40 Wall Street“Hadassah made the decision that moving to new space downtown would update its corporate culture, transform its self-image and make an important statement of innovation and fiscal responsibility for the organization,” said Marcie Natan, Hadassah National President, in a statement.

A Cushman & Wakefield team led by David Green, Carri Lyon and  Jon Herman from the firm’s finance and investment banking group represented the tenant, while Jeffrey Lichtenberg, Frank Cento and Scott Silverstein represented the Trump Organization.

Mr. Green called 40 Wall Street “a great fit for Hadassah because it allows them to operate their business on two highly efficient floorplates, with a hands-on ownership team that will be providing high-quality, turn-key space for them,” while Mr. Lichtenberg attributed the relocation of several tenants to the property to The Trump Organization’s represents stability.

The 72-story class-A building, located between Nassau Street and William Street in Downtown Manhattan, had an influx of leasing activity last year, with the latest additions including Weidlinger Associates, Leslie E. Robertson Associates, Duane ReadFirst Investors CorporationHarry Fox Agency and Huron Consulting Group.

Hadassah, The Women’s Zionist Organization of America supports medical care and research at the Hadassah Medical Organization in Jerusalem and works with youth in Israel and America through personal growth, education, advocacy and Jewish continuity opportunities.

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