Nonprofit Legal Aid Society Expands to 77K SF in the Bronx
By Liam La Guerre August 17, 2016 2:50 pm
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Legal Aid Society is growing its presence in the Bronx at Acadia Realty Trust’s 260 East 161st Street, also known as The Melrose Building.
The national nonprofit, which provides legal services for the indigent, has signed a 15-year, 22,070-square-foot lease for the entire seventh floor of the building, according to the landlord’s broker JRT Realty Group. This is in addition to its current 55,655-square-foot offices within the building on the eighth through 10th floors.
Average rent at the property, which is located between Morris and Sherman Avenues, is in the mid-$30s per square foot.
“As New York’s foremost provider of legal services to low-income residents, the Legal Aid Society needed to expand the size of its operations,” JRT’s Greg Smith, who represented the landlord with colleague Ellen Israel, said in prepared remarks. “Its decision to remain at The Melrose Building reflects the owner’s commitment to professional property management and first-rate tenant services.”
The Legal Aid Society plans to build out and move into its space next year. Craig Reicher, Chris Mansfield and Greg Maurer-Hollaender of CBRE represented Legal Aid Society in the deal. The brokers did not immediately respond for to a request for comment via a spokeswoman.
