140 Broadway
NEW YORK CITY—The Wallace Foundation is setting up new headquarters in 26,206 square feet at 140 Broadway in Lower Manhattan. The non-profit signed a 15-year lease, for the entire 49th floor. Currently at 5 Penn Plaza, the Wallace Foundation plans to relocate in the fourth quarter of 2019. The leasing price was not disclosed.
According to Property Shark, 140 Broadway, also known as the Marine Midland Building, is a 1.2 million square-foot structure owned by 140 BW LLC. The real estate data website also lists Berrit Emme, Rolf Zamkow and Sabine Ruppel with the limited liability corporation. The 140 Broadway website lists Union Investment Real Estate GmbH as the building owners.
Built in 1967, the 51-story, steel frame office skyscraper is known for Isamu Noguchi's “Red Cube” sculpture that balances on one of its corners on the property's plaza across from Zuccotti Park.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
