LSE Foundation, an alumni relations nonprofit affiliated with the London School of Economics and Political Science, has inked a 2,335-square-foot deal at 450 Seventh Avenue between West 34th and West 35th Streets, Commercial Observer has learned.
This is the organization’s first branch in the United States, according to a spokeswoman with the landlord’s broker, The Kaufman Organization. It will occupy part of the 11th floor of the 46-story building, also known as the Nelson Tower. Asking rent in the five-year deal was in the high-$60s per square foot.
Barbara Raskob and Yvonne Chang of Kaufman represented the landlord, Kaufman Management Company, while Christopher Helgesen of Cushman & Wakefield represented the tenant. Helgesen did not respond to a request for comment via a spokesman.
“LSE Foundation is another great addition to the building,” Raskob told CO in an emailed statement. “They are a notable nonprofit that keeps its network of alumni in the United States engaged with each other to further the university’s philanthropic initiatives.”