Lease Beat

Nonprofit Publishing House Moves to 120 Wall Street

120 Wall Street

The New Press, a not-for-profit publishing house, has signed an 8,149-square-foot lease on the 31st floor of Silverstein Properties120 Wall Street.

When reached for comment, a representative of The New Press confirmed the relocation, adding that the publisher moved to 120 Wall Street from 38 Greene Street in Soho in mid-December. Silverstein Properties also confirmed the lease. Read More

Lease Beat

Nonprofit Signs For 14,567 SF at 120 Wall, Utilizes New Incentive Program

120 Wall Street

The Commercial Observer has learned that Concepts of Independence inked a 14,567-square-foot relocation deal at 120 Wall Street, cementing the Silverstein Properties-owned building’s reputation as a base for nonprofits.

The tenant will move from the 10th floor to part of the ninth in the 15-year transaction. Marc R. Shapses, Nancy Weinstein and Joseph Messina of Studley represented Concepts of Independence, a 40-year-old organization that assists disabled individuals. Roger Silverstein represented the landlord in-house. Asking rent was $38 a foot. Read More

Lease Beat

Nonprofit Consolidates Four Offices Into 41,000-SF at 120 Wall Street

120 Wall Street

The non-profit AFS-USA (formerly the American Field Service) will consolidate 180 employees from across the country in a new Financial District headquarters after signing a 15-year, 41,000-square-foot lease at 120 Wall Street.

Alan Desino of Colliers international represented the tenant. Roger Silverstein and Joe Artusa represented the landlord, Silverstein Properties, in-house.  Read More

Lease Beat

Nonprofit Relocates to 120 Wall Street

120_wall_street_2

The American Institute of Chemical Engineers has signed a long-term, 16,506-square-foot lease at Silverstein Properties120 Wall Street, it was announced today.

“After a two-year search of both Midtown South and Downtown, which included inspections of over 50 properties, AIChE elected to relocate to 120 Wall Street, one of the few buildings to provide an incentive program for not-for-profits,” said Leon Manoff, vice chairman at Colliers International, who represented the tenant, in a prepared statement. Read More

Post-Tropical Storm Sandy

Silverstein Properties Reopens 120 Wall

120 Wall Street (Credit: Silverstein Properties)

Silverstein Properties reopened 120 Wall Street Wednesday morning for the first time since Hurricane Sandy flooded the 600,000-square-foot building’s basement and damaged electrical distribution equipment.

The company pumped more than one million gallons of water out from the building’s basement and removed contaminants before methodically checking all base systems to get them back up and running, Jeremy Moss, the firm’s vice president of leasing told The Commercial Observer.

“Since the storm we’ve been working around the clock to get the building up and running and to bring tenants back – we succeeded this morning at 8 a.m,” Mr. Moss said. Read More

Lease Beat

Nonprofit Leasing Stands Firm: Report

Nonprofit Leasing by Submarket.

Nonprofit and public sector tenants took a total of 2.6 million square feet in 2011, approximately the same amount it leased a year earlier, but committed to much larger leases than in the previous year, according to a new report released yesterday by Cassidy Turley. Read More

Lease Beat

A Sublet at 120 Wall Street

The marketing firm took space on Wall Street.

The DeSola Group, a marketing and public relations firm, has sublet 6,300 square feet at 120 Wall Street from the American Vacuum Society in a six-and-a-half-year lease, Robert Wizenberg, a broker at CB Richard Ellis who represented DeSola, told The Commercial Observer last week. The firm will move from 1 Penn Plaza into the entire 32nd floor of the skyscraper, which has long been a hub for nonprofit organizations. Read More