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.
“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.”
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 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
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.