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Deals & Dealmakers

Brookfield signs biggest Harlem office lease so far this year

Brookfield Properties and Colliers International Group Inc. announced that youth and family services nonprofit Children’s Aid has signed a 15-year, 23,000 s/f lease at Brookfield Properties’ Harlem Center, a Class A office building located along 125th Street.

Children’s Aid will occupy the entire 5th floor. The lease represents the largest Harlem office building lease so far in 2019.

RICHARD WARSHAUER

“Harlem Center sits at the heart of bustling 125th Street, and we are thrilled to welcome Children’s Aid to the building. With spacious offices, incredible views, and accessibility to multiple train lines, Harlem Center has become the premier commercial destination in Harlem and is the perfect home for Children’s Aid to advance their critical work serving families across New York City,” said Alireza Esmaeilzadeh, Senior Vice President of Asset Management and Leasing at Brookfield Properties.

“We are excited to add this new space to our growing Harlem footprint,” said Children’s Aid President and CEO Phoebe Boyer. “

SAYO
KAMARA

This office space for our program staff is directly across the street from the future site of our new administrative headquarters, which will help us work smarter and more efficiently and put us in a better position to deliver our top-notch programs and services. With more than 300 staff moving to these new Harlem locations in the next year, we are further cementing our commitment to the Harlem community.”

Richard M.Warshauer and Sayo Kamara of Colliers and Eric S. Yarbro of Madison Square Realty brokered the 15-year lease on behalf of Brookfield. Stephen Powers of Transwestern represented Children’s Aid.

“105 West 125th represents the best that the Harlem office sector has to offer. This is the first time that space has been available in the location since it opened in 2002. One floor of 23,000 square feet remains available at the property,” said Colliers Senior Managing Director Warshauer, who was an original project manager for the property when previously employed by Forest City.

“This deal provides Children’s Aid with pristine new facilities near its Harlem headquarters for its youth programs, allowing this fine organization to continue performing its much-needed mission.”

“Transwestern is thrilled to be supporting Children’s Aid in establishing and growing their Harlem campus,” said Stephen Powers, Managing Director of Transwestern’s National Leader Nonprofit Practice. “Children’s Aid has creatively leveraged their real estate assets to deliver on their mission of helping children in poverty succeed and thrive.”

Harlem Center is located at 105 West 125th Street on the northwest corner of Lenox Avenue. Brookfield acquired the property in 2018 through its acquisition of Forest City. The property is the leading Class A building in Harlem.

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