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NEW YORK CITY-The Atlantic Philanthropies, one of the nation’s best endowed and more recognizable philanthropic groups, will be move from 125 Park Ave. to One Hudson Square according to a statement from the Parish of Trinity Church, owners of the property. Under terms of a 12-year lease, the Atlantic Philanthropies will take 40,000 SF, including the outdoor terrace, on the top floor of the 17-story ‘gateway’ to Hudson Square.

Trinity was represented by Jason Pfizer, director of leasing along with exclusive leasing agents for One Hudson Square Andrew M. Peretz and Robert Constable for Cushman & Wakefield. Atlantic was represented by Glenn Markman and Don Preate of Cushman-Wakefield.

The Atlantic Philanthropies was founded in 1982 by Charles F. Feeney, who’d made a fortune from his “Duty Free Shoppers” business. In 1988, Forbes Magazine named him the 23rd richest American, with a personal worth of $1.3 billion, but the truth be told, some four years earlier, Feeny had already given away most of his money to the Atlantic.

The Foundation is committed to “giving while living” and spending its entire endowment by 2020 in order to “support as much change as possible.” According to a statement from Trinity, company president Carl Weisbrod says “we are very proud and honored to welcome Atlantic to our Hudson Square community. We will do our very best to help this worthy organization accomplish its phenomenal goals.” The specific lease terms are not available but average asking rents in the neighborhood are in the mid- to high-$40 per square foot,according to a spokesperson from Trinity.

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