Silverstein Properties announced that Excess Line Association of New York (ELANY), a nonprofit industry advisory association that focuses on the excess and surplus line industry, has signed a 12-year, 14,476 s/f lease at Lower Manhattan’s 120 Wall Street.
Currently located at 55 Broadway, the organization is slated to move to its new location in Q1 2020 due to the organization’s corporate growth.
“We are delighted to welcome ELANY to 120 Wall Street,” said Joseph Artusa, Senior Vice President of Silverstein Properties.
“Located in the heart Downtown Manhattan, next to some of the best transportation options, restaurants, and shops in New York, we look forward to providing ELANY with a wonderful home to grow.”
Excess Line Association of New York is a nonprofit charged with facilitating and encouraging compliance with the excess and surplus line insurance laws of New York State.
Excess Line Association of New York will be joining building tenants Pico, Droga5, amfAR, Catalyst and Girls Inc., among others, at 120 Wall Street.
The Art Deco office building rovides qualified 501(c)(3) and 501(c)(6) organizations with access to a full real estate tax abatement program.
Artusa, and Harlan Strader, leasing associate at Silverstein Properties led negotiations for the landlord.
Excess Line Association of New York (ELANY) was represented by senior
vice president Richard Levine and senior vice president Adam Leshowitz of CBRE.