Nonprofit Children’s Aid Society has signed a 29,240-square-foot deal with sublandlord Condé Nast at office building 711 Third Avenue, Commercial Observer has learned.
“The Children’s Aid Society sought new headquarters space following the sale of its long-term home at the United Charities Building on Charity Row in Manhattan,” said JLL‘s Ellen Herman in prepared remarks. “The nonprofit was able to achieve exceptional value from the sale of the property and is relocating to newer space at 711 Third Avenue. The transaction puts the organization one block away from Grand Central Terminal and down the street from another of its locations.”
Members of Douglas Elliman’s retail group have secured a new 1,750-square-foot location and 10-year lease for Sunshine Day Care at 1325 Fifth Avenue, between 111th and 112th Streets in Harlem, The Commercial Observer has learned.
It is an expansion of their program, which opened three years ago directly across the street at 1330 Fifth Avenue, where the group occupies an additional 5,000 square feet. In addition, a three-year extension of that lease has been arranged.
“The expansion of this well-respected day care provider speaks volumes about the demand for quality neighborhood services,” said Faith Hope Consolo, who represented the tenant and the landlord, Tahl Propp Equities, with Joseph Aquino and Arthur Maglio. “Having introduced them to Harlem a few years ago, we are thrilled to see the tremendous amount of success they are having at this location.”
The Children’s Aid Society has expanded its footprint in Harlem, signing a nine-year, 3,500-square-foot lease at 219 West 135th Street. The lease execution took place on November 30 and the asking price for the property was $65 per square foot.
“We are leasing it to offer some of preventive services which are part of our Read More