Empire State Realty Trust recently announced it had signed a new lease for one of its Broadway office corridor assets: Rising Ground — a leading nonprofit organization working in human services for children, adults, and families in the greater New York City area — signed a 30-year lease for an entire floor in the office building at 1333 Broadway.

Rising Ground was represented by an OPEN Impact Real Estate team of Lindsay Ornstein, Stephen Powers, Arthur Skelskie, Alexander Smith, and Kendall Elliott. Shanae Ursini of ESRT — together with Robert Lowe, Ron LoRusso, Heather Thomas, Anthony LoPresti, and Dan Organ of Cushman & Wakefield — worked on behalf of ESRT in the lease negotiations.

Located across the street from Macy’s flagship store, 1333 Broadway rises 12 stories and incorporates nearly 296,000 square feet of class A Midtown Manhattan office space. Specifically, the Rising Ground office lease encompasses a full floor of nearly 30,000 square feet, and the company will share the tenant roster with Sanne Group; Canon U.S.A, Inc.; and Signature Bank. Retailers in the building include Urban Outfitters, Rituals, Dr Martens and Shake Shack.

“As one of New York’s largest and most impactful human service organizations, Rising Ground’s dedicated staff of 2,000 today provides 59 services in 103 programs at 86 locations throughout the Bronx, Brooklyn, Manhattan, and Queens,” said Alan Mucatel, CEO of Rising Ground. “We are excited to move into this new space as it will operate as a central location to better engage with the 25,000 New Yorkers we serve while expanding our work in the city we have called home for nearly two centuries.”

“Rising Ground joins our impressive tenant roster at 1333 Broadway, which all benefit from ESRT’s leadership in healthy buildings, energy efficiency, and indoor environmental quality,” said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust.

Property image courtesy of CommercialEdge.

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