Deals & Dealmakers

Psychotherapy institute moves to Midtown South

In a two-part transaction, Colliers International has arranged the relocation of The Albert Ellis Institute — a world-renowned non-profit psychotherapy training institute — from the Upper East Side to Midtown South.

In the first transaction, Colliers arranged for the sale of The Albert Ellis Institute headquarters — a six-story townhouse at 45 East 65th Street — to a private buyer.

The company simultaneously arranged an 8,000 s/f sublease on behalf of The Albert Ellis Institute at 145 East 32nd Street, in Midtown South.

The nonprofit organization sublet the entire ninth floor from Ameripath, a subsidiary of Quest Diagnostics. Steve Chasanoff, executive managing director with Colliers, arranged both the sale and sublease on behalf of Albert Ellis. He said the organization also wanted to consolidate its entire team onto one floor, with a more efficient layout and use of space.”

145 East 32nd Street is owned by Eric and Marty Meyer, principals of Colliers International Tri-State. Keith Cody, of CBRE, represented Ameripath in the sublease.

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