Nonprofit Investor Signs Garment District Lease

Source: Commercial Observer

Nonprofit seed investor Echoing Green will move its headquarters one block east under a 10-year, 9,750-square-foot lease for the 13th floor of S.I.K. Associates‘ building under the Kaufman Organization‘s portfolio at 462 Seventh Avenue between West 35th and 36th Streets in the Garment District, the Wall Street Journal reported this morning.
The socially-conscious firm will move from its current home at 494 Eighth Avenue to the 23-story structure with a renovated lobby and Hale and Hearty Soups and Starbucks on the ground floor, a 185,000-square-foot building where office asking rents run in the high $40s per square foot, said Steve Kaufman, president of the Kaufman Organization. Read full story

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