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Deals & Dealmakers

Non-profit Visiting Nurse of New York takes 308,115 s/f at the News Building in Midtown

Health care non-profit Visiting Nurse of New York has just taken 308,115 s/f at the News Building at 220 East 42nd Street in Midtown Manhattan. The transaction, which conveys a 30-year leasehold condominium interest to VNSNY, covers part of the second and seventh floor and the entire third, fifth and sixth floors. The deal also includes part of the ground floor and the concourse level. VNSNY is relocating from 1250 Broadway, where it has occupied 320,000 square feet since 1994.

“We’re delighted to welcome VNSNY to the News Building. This was a complicated transaction requiring the consolidation of numerous spaces, the creation of a private tenant lobby and significant upgrade to certain building infrastructure to support the tenant’s high density occupancy,” said Steven Durels, SL Green’s executive vice president and director of leasing and real property.

The News Building, which once housed the New York Daily News, is a 37 story tower that sits at the corner of Second Avenue. Other tenants in the building include Omnicom Group, the United Nations and WPIX TV.

A Cushman & Wakefield office leasing team of Tara Stacom and David E. Green, along with Louis Wolfowitz and Mark Todrys completed the transaction on behalf of VNSNY.

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