The Corporation for Supportive Housing (CSH) will move its headquarters next door to Lower Manhattan’s 55 Broadway. The nonprofit signed an 11-year lease for 10,570 square feet on the entire 10th floor of Harbor Group International’s 32-story building between Morris and Rector streets, according to tenant broker Cushman & Wakefield. A spokesperson for C&W declined Commercial Observer Read More Channel, Leases, Office, 55 Broadway, 61 Broadway, Aron Schreier, Brad Gerla, Hayden Pascal, Jason Kroeger, Jonathan Cope, New York City, Manhattan, Lower Manhattan, Financial District, CBRE, Corporation for Supportive Housing, Cushman & Wakefield, Harbor Group International
The Corporation for Supportive Housing (CSH) will move its headquarters next door to Lower Manhattan’s 55 Broadway.
The nonprofit signed an 11-year lease for 10,570 square feet on the entire 10th floor of Harbor Group International’s 32-story building between Morris and Rector streets, according to tenant broker Cushman & Wakefield (CWK).
A spokesperson for C&W declined to provide the asking rent in the building, but the average asking rent in Downtown Manhattan was $56.27 per square foot in the third quarter, according to a C&W report.
CSH — which works to advance affordable housing with support services around the country — has had its headquarters on Broadway for decades. It was previously in about 20,000 square feet at 50 Broadway and moved to its current, 15,293-square-foot digs at 61 Broadway in 2013, as Commercial Observer previously reported.
The nonprofit plans to relocate to 55 Broadway in the first quarter of 2024, according to C&W.
“We are thrilled to have arranged this lease for Corporation for Supportive Housing at 55 Broadway,” C&W’s Aron Schreier, who represented CSH with Jason Kroeger, said in a statement. “The property’s strategic location in the heart of the Financial District offers an ideal office setting that will support the organization’s continued growth and enable them to continue the important work they do.”
Brad Gerla, Jonathan Cope and Hayden Pascal of CBRE (CBRE) represented the landlord.
“We continue to have success in attracting quality tenants and we are very excited to welcome CSH to 55 Broadway’s tenant roster,” Gerla said in a statement.
Other tenants in 55 Broadway include risk management firm Assurant, the Consulate General of Morocco and developer RAL Companies.
Nicholas Rizzi can be reached at nrizzi@commercialobserver.com.
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
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