NEW YORK CITY-Lured by Downtown's renaissance as well as it's value, a non-profit group is relocating to the area from Midtown.
Hadassah, the Women's Zionist Organization of America, has signed a 20-year lease at 40 Wall St., in Lower Manhattan. A property of the Trump Organization, the 72-story building in sits between Nassau and William streets.
A Cushman & Wakefield team, led by David E. Green and Carri Lyon, along with Jon Herman from the firm's corporate finance and investment banking group, represented the tenant in the long-term transaction. Jeffrey Lichtenberg, Frank Cento and Scott Silverstein, represented the Trump Organization as exclusive leasing agents.
Hadassah, a volunteer organization that inspires a passion for and commitment to its partnership with the land and people of Israel, will relocate its national headquarters location from 50 W. 58th St.—where it occupied eight floors—to 46,175 square feet on the entire eigth and part of the 7th floor at 40 Wall St.
“Hadassah made the decision that moving to new space Downtown would update its corporate culture, transform its self-image and make an important statement of innovation and fiscal responsibility for the organization,” says Marcie Natan, Hadassah national president.
Adds Green, a C&W executive director, “40 Wall Street is a great fit for Hadassah because it allows the organization to operate its business on two highly efficient floorplates, with a hands-on ownership team that will be providing high-quality, turn-key space.”
“The property provides great value and competitive rents with high-end turn-key installations, which was very appealing to Hadassah," says Lichtenberg, a Cushman & Wakefield EVP. "We're excited to have them and we welcome them to the building.”
40 Wall Street, a class-A office building, had an influx of leasing activity last year, continuing to attract a diverse tenant base. New tenants to the building include structural engineering firms, Weidlinger Associates and Leslie E. Robertson Associates Consulting Engineers, Duane Reade, First Investors Corporation, Harry Fox Agency and Huron Consulting Group, Inc.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
