Real Estate Weekly
Image default
Deals & Dealmakers

Bible group selling site

Cushman & Wakefield announced that it has been appointed by American Bible Society (ABS) to market the development site at 1865 Broadway, located on the northeast corner of 61st Street and Broadway in Columbus Circle.

Helen Hwang
Helen Hwang

The 12-story property, which has been occupied by ABS for 48 years, currently serves as the corporate headquarters for the charitable organization and includes the Museum of Biblical Art, which exhibits art works inspired by the Bible. Cushman & Wakefield will also be assisting ABS in selecting a new ministry site.

“The 1865 Broadway property has served us well for nearly 50 years. The decision to sell the property was made to unlock the value of the site to further the mission of American Bible Society,” said ABS Board chairman, Pieter Dearolf.

“As we approach a third century of mission, we are laying the groundwork for the next 100 years of inviting people to experience the life-changing message of the Bible.”
A Cushman & Wakefield team led by Helen Hwang, Nat Rockett, Steve Kohn, Karen Wiedenmann and Brian Szczapa, are marketing the site on behalf of ABS.

“1865 Broadway offers an extremely rare, scalable development site located in one of the most exclusive sections for super-luxury development,” said Hwang, a Cushman & Wakefield executive vice president.

“The chance to construct a market defining brand in a globally recognized location will place 1865 Broadway at the top of the list of major developments occurring anywhere in the world.”

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando