"Veritas was looking for a location where it could consolidateits six offices located throughout the neighborhood into a singleheadquarters location," says FirstService Williams associate EricFerriello in a release. The nonprofit's main office is currently at912 Amsterdam Ave. Ferriello adds that the 10th-floor space at 55W. 125th enabled the tenant "to centralize its space in a class Abuilding and still stay within its means."

|

Asking rents at the 14-story office property are $39 per squarefoot. The lease gives Veritas the right to expand on the remainderof the 17,000-square-foot floor. Along with the Social SecurityAdministration, Pathways to Housing and the New York CityAdministration for Children's Services, other tenants at 55 W.125th include former president Bill Clinton, who established hisoffice there in 2001 after leaving office.

|

Veritas, which offers job training, educational and vocationalskills and substance abuse treatment programs, was represented inits search for new space by Ferriello and his FSW colleagues,senior executive managing director Robert T. Tunis and seniormanaging director Richard M. Warshauer. Ross Jacobs was thein-house representative for landlord Cogswell Realty in leasenegotiations, while Sheila Naysan was Cogswell's in-house attorney.Lawrence Lenzner and Kerri Alessi from Patterson Belknap Webb &Tyler LLP represented Veritas.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.