Nonprofit organization to occupy entire 5th floor at Class B, 569,160-SF office building; JLL sold original headquarters at 407 First Avenue to fund relocation, establish endowment
JLL has completed the relocation of The Institute of Career Development to 123 William Street. The nearly 100-year-old nonprofit organization signed a 10-year lease for 24,391 square feet at the Class B, 569,160-square-foot commercial office building.
The tenant, ICD, was represented by Paul Mas, managing director, and Ellen Herman, executive vice president, both with JLL. The building owners, East End Capital Partners and GreenOak US, were represented by Howard Fiddle, vice chairman, and Bradley Gerla, executive vice president, both with CBRE Inc.
“JLL advised ICD on property management issues it faced as the owner of its original 77,000-square-foot headquarters at 407 First Avenue, and then arranged the sale of the property this past year,” said Mas. “We were able to find an ideal new home for ICD at 123 William Street and then assisted the organization in building out its new space on the fifth floor of the building.”
ICD, formerly known as the International Center for the Disabled, signed a 10-year lease for 24,391 square feet of space and will occupy the entire fifth floor at 123 William Street, which is located between John and Fulton streets in Lower Manhattan. The institute is relocating to the building from its previous offices at 407 First Avenue.
“ICD was extremely pleased with the competency and professionalism displayed by JLL,” said Les Halpert, executive director, with ICD. “I have worked with three separate divisions of the organization and each group was available, responsible, efficient, knowledgeable and helpful. It was a refreshingly rewarding experience.”