Grant Associates, an organization that works with government agencies to develop programs that create jobs, has signed a 5,753-square-foot lease at 163-18 Jamaica Avenue in the Jamaica section of Queens.
The two decade-old organization will be located on part of the sixth floor of the building between 163rd and 164th Streets, according to Grant Associates broker ABS Partners Real Estate.
Midtown South-based Grant Associates, which has several offices around the city, is planning to create a New York City-funded workforce program called CareerCompass for Queens residents at the new office. The asking rent in the deal was $28 per square foot. ABS declined to provide the length of the transaction. Grant Associates hopes to move into the new space at the end of the month.
“Grant Associates had specific parameters from the City of New York for the location of its newest space,” ABS’ Andy Udis, who represented the tenant with colleague Ben Waller, said in a statement. “163-18 Jamaica Avenue offered the company an affordable location that would be easily accessible by its employees and clients.”
Gail Roseman and Melissa Grasso of Sholom & Zuckerbot Realty brokered the deal for the landlord, 163-18 Jamaica Realty Corp., a business that is owned by real estate investor Faraj Srour. Grasso did not immediately respond to a request for comment, nor did Srour.
The seven-story building at 163-18 Jamaica Avenue comprises 105,000 square feet, according to CoStar Group. It is currently occupied by the Allen School of Health Sciences and the Counseling Service of Eastern District New York and The Child Center of NY.