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$4m deal on Madison.


The Surdna Foundation The SURDNA Foundation was established as a charitable foundation in 1917 by John Emory Andrus to pursue a range of philanthropic purposes. History
A devoted family man with eight children, Andrus founded the Julia Dyckman Andrus Memorial in 1923 as a tribute to his
, a nationally prominent non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. , has signed a ten-year lease extension for its headquarters space comprising the entire 30th floor at 330 Madison Avenue in Manhattan

David L. Hoffman Jr., of Colliers ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits.

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, Inc., represented the Foundation in the lease renewal, which is valued at over $4 million.

Tom Costanzo represented the landlord, Vornado Realty Trust Vornado Realty Trust (NYSE: VNO) is a New York based real estate investment trust. It is the inheritor of real estate formerly controlled by companies including Two Guys and Alexander's. .

Among the areas it focuses on are the environment, community revitalization, effective citizenry, fine arts and non-profit sector support.

Noting that his client renewed its space commitment 15 months in advance of its lease expiration, Hoffman said that this was "an example of the prevailing wisdom that now is a good time for tenants to lock into long-term deals and rates."
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 2, 2004
Words:120
Previous Article:JLL completes 10-year 30,000 s/f lease renewal.
Next Article:Staples 67,000 s/f lease deal.
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