Struggling GMHC Plans to Break Lease and Leave Expensive Offices
October 30, 2013


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The city's largest AIDS services organization is quietly planning to move out of its expensive new offices — just two years after moving in — after it made layoffs and pay cuts to be able to pay its astronomical $389,000 monthly rent, DNAinfo New York has learned.

GMHC, which sources said spent millions to move into new offices on West 33rd Street in 2011, has begun to work with Studley, a real estate firm that represents tenants, in the hopes of finding a cheaper space, according to multiple sources familiar with the situation.

“The board of directors believes that we can find a space that better suits the needs of the ever-progressing GMHC and its client services than where we're currently housed," said board chair Mickey Rolfe in a statement...

Struggling GMHC Plans to Break Lease and Leave Expensive Offices




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