Housing Nonprofit Group Heads Downtown to 45 Broadway
By Terence Cullen February 10, 2017 11:29 am
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A nonprofit focused on housing is moving its headquarters to Lower Manhattan, according to a press release from the entity’s broker.
United Neighborhood Houses (UNH), the 98-year-old nonprofit, will occupy about 6,100 square feet at the 394,792-square-foot 45 Broadway, owned by The Lawrence Group, according to the Cushman & Wakefield release.
The 10-year lease puts the group on the 22nd floor of the 32-story tower between Morris Street and Exchange Alley, the release indicates. Asking rent in the deal was not immediately available.
“Downtown Manhattan continues to provide good economic value to nonprofit organizations,” said Debra Wollens of C&W. “Specifically the move to 45 Broadway will enable UNH to provide large, flexible conference room space for its member organizations and to create a contemporary, technologically advanced office environment.”
The nonprofit boasts 37 settlement houses as members, which serve half a million less fortunate New Yorkers who need a home. UNH helps the houses in matters of policy and advocacy, according to the C&W release.
Wollens and colleague David Lebenstein, the co-head of C&W’s nonprofit group, represented the tenant, while Daniel Ginsberg of The Lawrence Group represented the landlord in-house and did not immediately return a call for comment.
UNH is relocating from 70 West 36th Street in Midtown. There the nonprofit leases about 5,000 square feet at the property between Avenue of the Americas and Fifth Avenue, CoStar Group indicates.
