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Service Union Signs 245,000-SF HQ Deal

NEW YORK CITY-32BJ SEIU says its move into 620 Ave. of the Americas will save nearly $20 million annually in rent.

By Paul Bubny | Updated on May 17, 2010

NEW YORK CITY-The country’s largest property services union will be relocating its headquarters from Hudson Square into the Flatiron District, a move the union says will save nearly $20 million annually in rent. A spokesman for 32BJ SEIU tells GlobeSt.com the new 20-year lease at 620 Ave. of the Americas spans 245,000 square feet and two-and-a-quarter floors at the seven-story property.

Announced Monday, the signing marks the end of 32BJ’s search to find new headquarters space prior to the fall 2011 expiration of the current 20-year, 300,000-square-foot lease at Trinity Real Estate’s 101 Ave. of the Americas. The 101 Sixth Ave. deal was signed in 1991 at terms that exceeded current market rates, and provided more space than was needed, according to a release.

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