The Actors Fund has signed a 15-year, 22,300-square-foot renewal at Himmel & Meringoff’s 729 Seventh Avenue, covering the entire 10th and 11th floors, Commercial Observer has learned.
The nonprofit has operated its national headquarters in the building since 1998 and will upgrade and renovate the space to encourage a collaborative atmosphere.
“The Actors Fund is thrilled to maintain our national headquarters in the theater district while having an opportunity to upgrade and modernize our facilities,” said Joseph Benincasa, president and CEO of The Actors Fund, in an emailed statement.
Asking rents in the 17-story building, in Times Square at West 49th Street, range from $48 to $52 per square foot. Himmel & Meringoff purchased the property in 1996, repositioning its 170,000 square feet of office space and bi-level retail space.
“We are delighted that The Actors Fund will remain with us for the long-term,” said Leslie Himmel, noting that the building’s location in Times Square has made it attractive to tenants in the theatre and entertainment space, including The Broadway League and Broadway.com.
“There’s tremendous ‘Broadway’ synergy in the building, not only because of its strategic location, but because of the relationship that exists between The [Actor’s] Fund and fellow tenants.”
Cassidy Turley’s David Lebenstein represented The Actors Fund, while Mark Stein and Jason Vacker of Meringoff Properties represented Himmel & Meringoff.
“The building and neighborhood are perfect for the organization, enabling them to thrive in the years to come,” Mr. Lebenstein said, in a statement.
Founded in 1882, The Actor’s Fund provides care and services to professionals in film, theater, television, music, opera, and dance.