Cushman & Wakefield announced today that the real estate services firm has arranged a 16-year, 30,282-square-foot lease for Volunteers of America, Greater New York Chapter, at 135 West 50th Street.
A Cushman & Wakefield brokerage team comprised of Executive Managing Director David Lebenstein and Director Debra Wollens represented the tenant in this transaction. The landlord was represented by Vice Chairman David L. Hoffman, Jr., Senior Managing Director Craig Evans, Directors Whitnee Williams and Christine Colley and Senior Associate Conor Kenny, all with Cushman & Wakefield.
“Later this year, Volunteers of America will relocate its headquarters in order to establish a more efficient and collaborative workspace for its employees,” said Mr. Lebenstein. “This is a great opportunity for the organization to grow in a Class A, beautifully maintained property located in a central part of midtown.”
Mr. Hoffman stated, “The Volunteers of America lease kicks off the renaissance of 135 West 50th Street, a building that until very recently was fully leased for years. With another 260,000 SF available and becoming available, we look forward to welcoming additional quality tenants in the near future.”
Volunteers of America will be occupying the entire ninth floor of 135 West 50th. The 861,000 square-foot, 23-story building features 61,000 SF base floors, a 24-hour attended lobby, an onsite parking garage, an extremely creditworthy institutional landlord, outstanding retail support and excellent proximity to mass transit, world renowned restaurants, world-class shopping, premiere hotels and Rockefeller Center. Retail tenants Include Bobby Van’s Steakhouse, Bocca, Little Beet, Pret A Manger, Meltshop, Cafe Duke and Men’s Wearhouse.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visitwww.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.
