Workforce Development Firm Grant Associates Expands to the South Bronx
The workforce development company inked a five-year, 9,903-square-foot lease for part of the seventh floor of the eight-story building, according to ABS Partners, which handled the tenant side of the deal. Asking rent in the Bruckner Building is in the mid-$30s per square foot, per an ABS spokeswoman. Grant plans to move into its new space this fall.
ABS’ Andy Udis and Alison Miller handled the transaction for Grant Associates. Mitch Arkin, Miles Fennon and Omar Sozkesen of Cushman & Wakefield (CWK) and Ellen Israel and Lauren Calandriello of JRT Realty represented the owners, Savanna and Hornig Capital Partners.
Grant, which is headquartered at 39 Broadway in the Financial District, also leased space for an office at 1825 Park Avenue in Harlem in the spring, as CO previously reported.
“Grant Associates provides a valuable service to job-seekers and employers in New York City and the firm continues to expand,” Udis said in a statement. “The Bruckner Building was particularly appealing thanks to the recent renovations, and it’s within walking distance of Savanna’s 1825 Park Avenue.”
The building, located between East 134th Street and the Harlem River, recently underwent a $12 million renovation and has attracted tenants like tech startup Lumiode, catering company Great Performances, nonprofit Rewarding Environments for Adult Living and LeMed Specialty Pharmacy.
Arkin said in prepared remarks that the former warehouse “was the ideal space for Grant to expand its operations in a vibrant and thriving neighborhood.”