Birthright Israel Foundation and Barton Law Firm Take Space at 711 Third Avenue
By Nicholas Rizzi July 31, 2018 5:46 pm
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A nonprofit that raises funds for heritage trips to Israel and a law firm has taken space at SL Green Realty Corp.’s 711 Third Avenue, the landlord announced.
Birthright Israel Foundation inked a 15-year lease for the entire 19,025-square-foot 10th floor of the building between East 44th and East 45th Streets. Law firm Barton has signed a 12-year lease for 19,025 square feet on part of the building’s 15th floor, according to a spokesman for SL Green (SLG). The foundation will relocate from its current offices at 33 East 33rd Street.
A spokesman for SL Green could not say what the asking rents for the offices were, but other floors in the building have rents of $54 to $66 per square foot, according to CoStar (CSGP) Group.
“The neighborhood’s central location and unrivaled access to public transportation is a tremendous amenity for all tenant employees,” Steven Durels, the executive vice president and director of leasing and real property at SL Green, said in a statement.
The New York Post first reported news of the deals.
Barton will share the floor with the Security Council Report, which seeks to increase the transparency and effectiveness of the U.N. Security Council, recently signed a seven-year lease for 5,443 square feet, the landlord said. Barton will relocate from 7,500 square feet at SL Green’s nearby 420 Lexington Avenue.
Brian Waterman and Lance Korman of Newmark (NMRK) Knight Frank represented Birthright in the deal while Transwestern’s Lauren Davidson and Stephen Powers handled it for Security Council Report. It was unclear who handled it for Barton. Waterman and Korman declined to comment through a spokesman and Transwestern did not respond to a request for comment.
The recent 43,500 square feet of leases brings occupancy in the 19-story, 52,413-square-foot 711 Third Avenue building to nearly 97 percent, according to SL Green. Tenants include digital business and printing services company Ricoh USA, consulting firm McKinsey & Company and law firm Golenbock Eiseman.
