NEW YORK CITY—Non-profit employment assistance agencyFedCap Rehabilitation Services has sold itslongtime headquarters at 211 West 14th St. and has acquired anentire floor at the 633 Third Ave. office building here, more thandoubling its headquarters office space.

The deals were announced by Savills Studley,which arranged both transactions. The brokerage says that toupgrade its real estate portfolio, FedCap sold its existing20,000-square-foot headquarters space at 211 West 14th St. to ajoint venture of Adellco and The CarlyleGroup.

The organization, founded in 1935, then purchased a44,000-square-foot pre-built, Class A, turnkey office spacecomprising the entire sixth floor at 633 Third Ave. from theUnion for Reform Judaism. No financial details oneither transaction were reported. FedCap began its office searchmore than a year ago and had sought turnkey space that requiredlittle capital expenditure, according to Savills Studley.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.