The John Simon Guggenheim Memorial Foundation, which has sublet the entire 33rd floor of 90 Park Avenue for 50 years, has signed a direct lease for that space, announced Arnold Gamberg, executive vice president of EVO Real Estate Group, who represented the tenant.
The new lease, which encompasses 13,878 s/f, will take effect in April of 2015.
United States Senator Simon Guggenheim and his wife established the foundation in 1925 as a memorial to a son who died in 1922.
“It’s a privilege to represent such a prestigious organization,” said Gamberg. “And I’m glad to have played a role in securing a long-term lease so that the foundation can continue its operations in the heart of Midtown for the foreseeable future.”
Josh Glick represented landlord Vornado Realty Trust in-house.
