Surdna Private Family Foundation Relocating Within Midtown South
By Lauren Elkies Schram May 18, 2017 9:00 am
reprints
Surdna Foundation, a charitable foundation focusing on fostering sustainable communities in the U.S., is relocating its headquarters to 200 Madison Avenue between East 35th and East 36th Streets, Commercial Observer has learned.
Surdna will be moving from nearby, at 330 Madison Avenue at East 42nd Street, later this year, according to a joint press release from brokers on both sides of the deal, to the entire 12,641-square-foot 25th floor at 200 Madison Avenue. The lease is for 16 years with an asking rent of $75 per square foot.
Cushman & Wakefield (CWK)’s David L. Hoffman and Christine Colley represented Surdna in the transaction. The landlord, a partnership of George Comfort & Sons, Loeb Realty and Jamestown, was represented in-house by George Comfort & Sons’ Matt Coudert and Andrew Conrad.
“Surdna’s move to 200 Madison achieved the foundation’s primary goals of consolidating into higher density space with great light and views, LEED certification, a great landlord and a location convenient to both Penn and Grand Central stations,” Hoffman said in a statement. “We are confident Surdna’s new location will deliver a higher standard of functionality for their in-demand services.”
That refers to “more modern workplace strategy applications including higher density, fewer and smaller private offices, more flexible group meeting spaces, etc.,” according to a spokesman for C&W.
The foundation’s current digs are 14,762 square feet.
With the Surdna lease, the 26-story, 750,000-square-foot 200 Madison Avenue is over 99 percent leased, according to Peter S. Duncan, the president and chief executive officer of George Comfort & Sons.
“We are pleased to welcome the Surdna Foundation to 200 Madison’s elite tenant roster,” he said in the release.
Retail tenants at the building include Starbucks and New York Sports Club. Office tenants include apparel company PVH and George Comfort & Sons.
