Nonprofit organization Fedcap has signed a significant lease for its new headquarters at 39 Broadway in Manhattan’s Financial District. The organization will occupy two entire floors, marking the largest tenancy in the building. This move is expected to support Fedcap’s ongoing growth and its mission to advance economic mobility.
Key Takeaways
- Fedcap has leased 37,760 square feet at 39 Broadway.
- The lease covers the entire second and third floors of the building.
- This represents the largest tenancy at 39 Broadway.
- The agreement is for a six-year term.
Fedcap’s New Headquarters
Fedcap, a global nonprofit with over 90 years of history, has chosen 39 Broadway for its new headquarters. The organization focuses on developing scalable solutions to foster economic mobility and create sustainable employment opportunities. The newly leased space will accommodate its expanding operations in New York City.
Strategic Location in Lower Manhattan
The move to 39 Broadway places Fedcap in the heart of Lower Manhattan. Avi Schron, principal of Cammeby’s, the owner of 39 Broadway, highlighted the value of this location for organizations dedicated to public service and community impact. He expressed that Fedcap’s mission-driven work and commitment to economic opportunity make them a valuable addition to the building.
Brokerage Representation
Brian Siegel of The Lawrence Group represented both the landlord and the tenant in this significant lease transaction.