Cushman & Wakefield announced today that Hadassah, The Women’s Zionist Organization of America, Inc., has signed a 20-year lease at the Trump Organization’s 40 Wall Street tower, located between Nassau Street and William Street in Downtown Manhattan.
Hadassah, a volunteer organization that inspires a passion for and commitment to its partnership with the land and people of Israel, will relocate its national headquarters location from 50 West 58th Street, where it occupied 8 floors, to 46,175 square feet on the entire 8th and part of the 7th floor in the 72-story building.
“Hadassah made the decision that moving to new space downtown would update its corporate culture, transform its self-image and make an important statement of innovation and fiscal responsibility for the organization,” said Marcie Natan, Hadassah National President.
A Cushman & Wakefield team led by David E. Green and Carri Lyon along with Jon Herman from the firm’s Corporate Finance & Investment Banking group, represented the tenant in the long-term transaction. Jeffrey Lichtenberg, Frank Cento and Scott Silverstein, represented the Trump Organization as exclusive leasing agents.
“40 Wall Street is a great fit for Hadassah because it allows them to operate their business on two highly efficient floorplates, with a hands-on ownership team that will be providing high-quality, turn-key space for them,” said Green, a Cushman & Wakefield Executive Director.
“Many tenants have decided to relocate to 40 Wall Street because The Trump Organization represents stability,” said Lichtenberg, a Cushman & Wakefield Executive Vice President. “The property provides great value and competitive rents with high-end turn-key installations, which was very appealing to Hadassah. We’re excited to have them and we welcome them to the building.”
Hadassah, which last year celebrated its centennial anniversary, enhances the health of people worldwide through its support of medical care and research at the Hadassah Medical Organization in Jerusalem. Hadassah empowers its members and supporters, as well as youth in Israel and America through opportunities for personal growth, education, advocacy and Jewish continuity.
40 Wall Street, a class-A office building, had an influx of leasing activity last year, continuing to attract a diverse tenant base. New tenants to the building include structural engineering firms, Weidlinger Associates and Leslie E. Robertson Associates Consulting Engineers, P.C., Duane Reade, First Investors Corporation, Harry Fox Agency and Huron Consulting Group, Inc.