Michael J. Fox Foundation Relocating to Bigger Digs on West 33rd Street
Lauren Elkies Schram Sept. 15, 2016, 11 a.m.
The Michael J. Fox Foundation will be moving into 86,000 square feet at Empire State Realty Trust’s 111 West 33rd Street between Avenue of the Americas and Seventh Avenue, The New York Post reported. This is the same building into which ESRT recently moved its headquarters, as CO reported.
The Parkinson’s disease research nonprofit foundation, which was founded by the actor of the same name in 2000, will relocate from 29,444 square feet at 498 Seventh Avenue between West 36th and West 37th Streets, the Post noted.
The Michael J. Fox Foundation’s space will include space on the 10th and 11th floors, as well as the 23rd floor, plus a private outdoor terrace at the 62-year-old, 650,769 -square-foot property, formerly known as 114 West 34th Street. The length of the lease wasn’t immediately clear.
Brian Siegel of The Lawrence Group represented the tenant in the deal. He didn’t respond to a request for comment. Newmark Grubb Knight Frank’s Erik Harris, Neil Rubin and Scott Klau represented ESRT. The NGKF brokers declined to comment via a spokeswoman, as did ESRT. Asking rents are in the $60s in the building, the Post reported.
As CO reported late last month, Qatar Investment Authority scooped up a 9.9 percent stake in ESRT for $622 million. The company received a total of $621.8 million in gross proceeds from the transaction.