Nonprofit Child Mind Institute Grows on Park Avenue in Midtown East
By Rebecca Baird-Remba November 30, 2017 12:25 pm
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Child Mind Institute, a national nonprofit dedicated to helping children with mental health issues, is expanding its office space in Midtown East.
The organization plans to grow to 45,000 square feet from 23,000 square feet at 445 Park Avenue, between East 56th and East 57th Streets, as The Real Deal first reported. The institute already occupies the part of the ground floor and the entire second floor on a 12-year lease that began in 2010, according to information from CoStar Group. And under the new 15-year deal, the group will take over the third floor. Asking rent for the space was not immediately available.
Jay Futersak and Karen Close Clarke of Circle Realty Group represented landlord Park Avenue Properties, and Newmark (NMRK) Knight Frank’s Lance Korman and Brian Waterman handled the deal for Child Mind Institute.
“We are always pleased when an existing tenant chooses to expand within the building, and all the more so here, as Child Mind is a wonderful organization with an important mission,” a representative from Park Avenue Properties said in prepared remarks.
Futersak and Close declined to comment, and a spokesman for NKF didn’t return a request for comment.
The 22-story, 329,500-square-foot office tower is also home to Billy Macklowe’s newly re-opened Macklowe Gallery, which just relocated from 667 Madison Avenue, as Commercial Observer reported over the summer. Brown Harris Stevens, Halstead Property Development Marketing and Regus are also tenants in the building.
