Not-for-profit tenants still being drawn downtown.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. (2) (Available Bit R , Inc. announced the completion of three leases by not-for-profit organizations at 50-52 Broadway. Vocational Foundation Inc., Court Appointed Special Advocates of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Mental Health Association of New York City have all signed leases, continuing the trend of 50-52 Broadway being attractive to not-for-profit tenants. Neil Lipinski, Senior Managing Director, Colliers ABR, represented the landlord, the United Federation of Teachers (UFT UFT United Federation of Teachers UFT Tegafur-Uracil (chemotherapy) UFT Unified Field Theory (physics) UFT Undergraduate Flying Training UFT Unofficial Foreign Travel UFT Up for Trade ), in all three recent transactions. The buildings have proven an attractive location for not-for-profit organizations. Since the UFT closed on the purchase in April 2001, CABR CABR Cabrillo National Monument (US National Park Service) CABR Capital Asset Budget Request has completed 20 deals at the buildings totaling approximately 175,000 square feet, including renewals. Inclusive of these three deals, the UFT has made a total of 10 deals with not-for-profit organizations totaling almost 93,000 square feet, representing 80% of all new leases. "These transactions demonstrate the UFT's continuing to contribute to the revitalization of Lower Manhattan," said Mr. Lipinski. "They have been a very accommodating landlord, demonstrating more flexibility than most, making the buildings very attractive to not-for-profit organizations." Vocational Foundation Inc. (VFI VFI Vintners Federation of Ireland VFI Volunteers for Israel VFI Voltage and Frequency Independent VFI Vêtements de Flottaison Individuels (French: Personal Flotation Device) VFI Vertical Fiscal Imbalance VFI Village Focus International ), a job training and educational services provider, will relocate from One Hanson Plaza in Brooklyn, which is being converted for residential use, to 16,672 square feet at 52 Broadway, taking part of the 6th floor. VFI signed a 15-year lease for the space. They were represented by Glenn Markmann of Cushman & Wakefield. Court Appointed Special Advocates Inc., whose mission to move children out of foster care and place them into safe, permanent homes where they can thrive, has signed a 10-year lease for 3,710 square feet at 50 Broadway. They will take the entire 31st floor. Clark Briffel and Tom Kaufman of CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) represented Court Appointed Special Advocates. Mental Health Association of New York City (MHA MHA microangiopathic hemolytic anemia. ) has signed a 15-year lease for 10,109 square feet on the entire 19th floor at 50 Broadway. Gerry Miovski of Cushman & Wakefield represented MHA in the transaction. |
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