Social service agency Volunteers of America-Greater New York will be moving from the Upper West Side to Midtown, Commercial Observer has learned.
The nonprofit, which provides shelters, educational services, group homes and independent living program services to homeless people and those with HIV and AIDS in New York, will be moving to 30,282 square feet, amassing the entire ninth floor, at 135 West 50th Street between Avenue of the Americas and Seventh Avenue, Cushman & Wakefield informed CO.
The lease is for 16 years, and the agency will relocate from 340 West 85th Street between Broadway and Riverside Drive, where it has been for over 50 years, to its new digs at the end of this year. The asking rent was $62 per square foot.
C&W’s David Lebenstein and Debra Wollens represented the tenant in the transaction, and C&W’s David L. Hoffman, Craig Evans, Whitnee Williams, Christine Colley and Conor Kenny worked on behalf of the landlord, UBS Realty Investors.
The move will allow the organization “to establish a more efficient and collaborative workspace for its employees,” Lebenstein said in a news release. “This is a great opportunity for the organization to grow in a Class A, beautifully maintained property located in a central part of Midtown.”
The 861,000-square-foot, 23-story building is 85 percent leased with office tenants including Jewish Board of Family and Children’s Services and accounting firm Weiser Mazars. Retailers there are Bobby Van’s Steakhouse, Bocca, Little Beet, Pret A Manger, Meltshop, Cafe Duke and Men’s Wearhouse.