News
33 YEARS!
May 20, 2010
| We can hardly fathom 2011, but 2043?! That's when the new 104k SF lease at 127 W. 25th St. is set to expire. The Bowery Residents' Committee— the non-profit that helps 10k needy folks in the city—is taking the space for its administrative HQ. |
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| The social-service provider signed the 33-year lease to accommodate many of its programs, and to consolidate operations and services from multiple locations. BRC expects to complete a $15M renovation and move into the entire 12-story building by years end. The non-profit operates a continuum of 27 programs throughout NY with over 500 employees, and will add 90 more permanent employees and over 100 construction jobs with the move. Cassidy Turley's David Lebenstein, Robair Reichenstein, Debra Wollens,Len Eagle, and Erik Sznip repped the tenant, while Colliers International's Marty Meyer and Eric Meyer repped owner Daniel Shavolian of Foremost Real Estate. |
