Center for Justice Innovation Expands and Extends Office Lease in Midtown Manhattan
The Center for Justice Innovation, a nonprofit organization, has finalized a substantial 34,300-square-foot office lease expansion and extension at 520 Eighth Avenue in Midtown Manhattan. This significant transaction sees the organization, a tenant in the 26-story building since 1999, consolidating its operations. It will relocate from three non-contiguous floors to occupy a portion of the 18th floor and the entirety of the 19th floor. The new agreement includes a 20-year extension, underscoring a long-term commitment to its Midtown location. Stephen Powers and Jake Cinti of OPEN Impact Real Estate represented the Center for Justice Innovation during the lease negotiations. Matthew Mandell handled the transaction internally on behalf of the landlord, GFP Real Estate. This deal reflects ongoing leasing activity in the Midtown office market, particularly for established nonprofits seeking to optimize their operational footprint. For developers and property owners, securing long-term leases from stable tenants like the Center for Justice Innovation provides crucial stability and demonstrates sustained demand for strategically located office space in urban cores.
More from New York City
· New York City, New York
NYC Pied-à-Terre Tax Unintentionally Affects Primary Residences Under Trust and LLC Ownership
· New York City, New York
Marlene Hamad Builds Global Residential Real Estate Advisory Business from New York City
· New York City, New York
Tishman Speyer Reacquires Chrysler Building Ground Lease, Plans $235M Renovation
· New York City, New York
Global Investment Manager Qube Leases 52,000 SF at 70 Hudson Yards Development
· New York City, New York
Tribeca’s 50 Hudson Street Redevelopment Unveils Unique Glass Brick Facade
More in New York
· New York, New York
Griffin Secures $3.3B Construction Loan for 350 Park Avenue Office Tower
· New York, New York
Casa Carmen Signs Lease for Third Manhattan Restaurant at 437 Madison Avenue
· New York, New York
Indecor Home Signs 16,806-SF Lease at 247 West 37th Street
· New York, New York
Mamdani Nominates Five to New York City Planning Commission
· New York, New York
Snowflake Spa Signs 10-Year Retail Lease at 619 Ninth Avenue in Hell’s Kitchen