The New York office of Avison Young arranged a five-year, 6,886 s/f lease for Urban Resource Institute at 211 East 43rd Street in Midtown East.
A team led by John D. Ryan III represented the building owner, a partnership between Alchemy-ABR Investment Partners and Clarion Partners, LLC, in the transaction. Avison Young serves as the exclusive leasing agent for the property.
Urban Resource Institute, a non-profit organization providing compassionate service to victims of domestic violence, is expanding its service offering to open a new location for their clients.
The space at 211 East 43rd will serve as training for the organization’s clients and as part of the lease, the building owner is renovating the space with a customized installation that supports their mission. The tenant was represented by Rob Sattler with CRESA in the negotiations.
“Avison Young was able to negotiate this transaction during the peak of the COVID-19 pandemic,” Ryan noted. “We quickly mobilized to provide remote access for Urban Resource Institute to tour the space and interactively designed their required changes for construction.
” The landlord fast-tracked its internal processes to ensure a speedy lease execution and even made a temporary space available, if needed, while their premises is being retrofitted. ”
Brian Ray, managing partner of Alchemy-ABR Investment Partners, added, “Given the current unique leasing environment, all those involved worked swiftly and collaboratively to create an exciting, long-term solution. This transaction reinforces our long-term belief in New York City as the business capital of the world and companies strong desire to do business here.”
211 East 43rd Street is steps from Grand Central Station and near United Nations building. It has has been repositioned with a new lobby and façade enhancements and upgrades to the sprinkler, fire and life safety systems, elevator cabs, mechanical improvements, and new windows.
