Cushman & Wakefield arranged a 16-year, 30,282 s/f lease for Volunteers of America, Greater New York Chapter, at 135 West 50th Street.
A Cushman & Wakefield brokerage team comprised of Executive Managing Director David Lebenstein and Director Debra Wollens represented the tenant.
The landlord was represented by Vice Chairman David L. Hoffman, Jr., Senior Managing Director Craig Evans, Directors Whitnee Williams and Christine Colley and Senior Associate Conor Kenny, all with Cushman & Wakefield.
“Later this year, Volunteers of America will relocate its headquarters in order to establish a more efficient and collaborative workspace for its employees,” said Lebenstein.
“This is a great opportunity for the organization to grow in a Class A, beautifully maintained property located in a central part of midtown.”
Hoffman added, “The Volunteers of America lease kicks off the renaissance of 135 West 50th Street, a building that until very recently was fully leased for years. With another 260,000 s/f available and becoming available, we look forward to welcoming additional quality tenants in the near future.”
Volunteers of America will be occupying the entire ninth floor of 135 West 50th. The 861,000 s/f, 23-story building features 61,000 s/f base floors, a 24-hour attended lobby, an onsite parking garage and institutional landlord.
Retail tenants Include Bobby Van’s Steakhouse, Bocca, Little Beet, Pret A Manger, Meltshop, Cafe Duke and Men’s Wearhouse.