{"id":1004389037,"date":"2020-02-07T06:40:17","date_gmt":"2020-02-07T14:40:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389037"},"modified":"2020-02-07T06:40:17","modified_gmt":"2020-02-07T14:40:17","slug":"non-profit-sells-part-of-new-york-city-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/non-profit-sells-part-of-new-york-city-hq\/","title":{"rendered":"Non-Profit Sells Part of New York City HQ"},"content":{"rendered":"<div id=\"attachment_1004389223\" style=\"width: 238px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004389223\" data-attachment-id=\"1004389223\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/non-profit-sells-part-of-new-york-city-hq\/305-seventh-ave-e1581086144111\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg\" data-orig-size=\"1400,1841\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"305 Seventh Ave. Image courtesy of Transwestern\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;305 Seventh Ave. Image courtesy of Transwestern&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg?w=779\" class=\"wp-image-1004389223 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg\" alt=\"\" width=\"228\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg 1400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg?resize=228,300 228w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg?resize=768,1010 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg?resize=779,1024 779w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/305-Seventh-Ave-e1581086144111-1.jpg?resize=1168,1536 1168w\" sizes=\"auto, (max-width: 228px) 100vw, 228px\" \/><\/a><p id=\"caption-attachment-1004389223\" class=\"wp-caption-text\">305 Seventh Ave. <em>Image courtesy of Transwestern<\/em><\/p><\/div>\n<p>Sheltering Arms, a social services non-profit, has sold one floor of its current headquarters in Midtown Manhattan for $7.5 million and has signed a 25,000-square-foot lease in lower Manhattan. Transwestern Commercial Services represented the non-profit in both transactions.<\/p>\n<p>Sheltering Arms is planning to sell the entirety of its three-story condominium headquarters at 305 Seventh&nbsp;Ave. The 9,476-square-foot third floor has been acquired by the Consortium for Workers Education, a workforce preparation and training organization. The buyer was represented by Lipinski Real Estate Advisors.<\/p>\n<p>Sheltering Arms will move to 25 Broadway, also known as the Cunard Building, by the middle of this year. The 22-story Class A property hosts other non-profit tenants, including Teach for America and the American Thoracic Society. The owner of Cunard was represented by CBRE.<\/p>\n<p>Transwestern\u2019s team included Partners Lindsay Ornstein and Stephen Powers, Vice President Thomas Hines and Senior Associate Jake Cinti. In May 2019, the first three represented <a href=\"https:\/\/www.commercialsearch.com\/news\/starwood-capital-jumps-into-bronx-qoz-with-charter-school-project\/\">a charter school non-profit<\/a> in a South Bronx deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sheltering Arms plans to sell its entire headquarters and move to a 22-story Lower Manhattan building.<\/p>\n","protected":false},"author":868,"featured_media":1004389226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21783,1600,21742,10,21747],"tags":[32789,42440],"class_list":["post-1004389037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-transwestern-commercial-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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