NEW YORK CITY-Lambda Legal Defense and Education Fund has signed a 15-year lease for 20,000 square feet at 120 Wall St. The organization, which advocates for the civil rights of lesbian, gay, bisexual and transgender people and those with HIV, has consolidated onto one floor--the entire 19^th floor--from the 15^th and 20^th floors in the building.

Lambda Legal was represented by Cassidy Turley senior managing director Nicola Heryet and VP Stephen Bellwood in the deal. Roger Silverstein represented the landlord, Silverstein Properties, in-house. Asking rents in the building are $35 per square foot.

Heryet tells GlobeSt.com she is seeing not-for-profits like Lambda Legal looking to take advantage of a favorable market. “This is a good time for not-for-profits to make real estate deals because rents are low,” she says. “So if they need more space they can justify it because the economic terms are pretty good for them right now.”