An Israeli women’s social service provider organization will move its New York City office across Seventh Avenue next month, Commercial Observer has learned.
The Emunah of America organization, which operates a network of 250 educational, housing and senior services programs in Israel, will relocate from 7 Penn Plaza to Empire Management‘s 363 Seventh Avenue through a seven-year, 3,400-square-foot lease at the property one block south of Penn Station, officials with the Kaufman Organization said. The second-floor space at the 22-story structure commanded an asking rent in the high $40s per square foot, they noted.
“At the forefront of such an admirable social cause, we were delighted to broker Emunah of America’s current lease,” said Arthur Spitalnick, a managing director at Kaufman, in a prepared statement. “363 Seventh Avenue afforded the organization the ability to consolidate their current office in an environment that better suited their philanthropic needs.”
Mr. Spitalnick and his Kaufman colleague Elliot Warren negotiated on behalf of the tenant, while Michael Segerman, a managing director at Pink Stone Realty, represented the landlord.
Emunah will take space at the building on the southeast corner of West 30th Street formerly occupied by builder, manager and general contractor T.G. Nickel & Associates, Mr. Segerman said.