Jewish Nonprofit Sells Midtown Office Condo, Inks 16K SF Downtown
July 9, 2015


United Synagogue of Conservative Judaism has leased 16,000 square feet at 120 Broadway Downtown after selling its Midtown East office condominiums.

The non-profit supporting Conservative Jewish synagogues throughout North America inked a 15-year lease a portion of the 15th floor in the 40-story office tower, according to Savills Studley. It expects to move into the 1.9-million-square-foot building, also known as the Equitable Building, by the end of the year...

By moving into the Silverstein Properties office, USCJ will join fellow non-profits and a slew of architecture firms. Architects include Beyer Blinder Belle, Boddewyn Gaynor Architects and Handel Architects, which in September signed a deal for 26,000 square feet on the sixth floor. The Metropolitan Council on Jewish Poverty in 2012 leased 50,000 square feet on the entire seventh floor in the building, as Commercial Observer reported.

Marc R. Shapses and Ira Schuman of Savills represented USCJ in both the lease and the sale. Roger Silverstein represented Silverstein Properties in-house on the lease deal. A Silverstein Properties spokesman did not immediately return a call for comment...

Jewish Nonprofit Sells Midtown Office Condo, Inks 16K SF Downtown




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