Nonprofit Inks Long-Term Deal in Mack-Cali’s 125 Broad

125 broad street Nonprofit Inks Long Term Deal in Mack Cali’s 125 Broad

125 Broad Street

The AIDS Vaccine Initiative will cozy up with some friendly neighbors at 125 Broad Street. The nonprofit will take 37,404 square feet in the building for 15 years.

From its New York City headquarters, the organization will “ensure the development of safe, effective, accessible, preventive HIV vaccines for use throughout the world,” according to a release. If those folks ever take time off from saving the world, they’ll also enjoy some pretty spectacular views of the harbor.

“The building’s premier location and quality are consistent with the noble efforts of this preeminent organization,” said Mitchell E. Hersh, president of building owner Mack-Cali. Whatever that means, the building has managed to attract some of the city’s nicer tenants. They include the American Civil Liberties Union and Sullivan & Cromwell (we’re told it’s a laid-back place by law-firm standards).

Marc R. Shapses, Jason Schwartzenberg and Joseph Messina of Studley represented the tenant. CB Richard Ellis represented the landlord.

The Real Deal first had news of the deal.

 

 

 

 

Article continues below
More from Politics
(FILES): These two file photos show then Labor Secretary Thomas Perez (L) speaking to reporters about the minimum wage for federal contractors at the White House in Washington, DC, on Feburary 12, 2014; and Minnesota Democratic Congressman Keith Ellison (R) during a press conference about Islamophobia at the National Press Club on May 24, 2016 in Washington, DC.


US Democrats, licking their wounds from last year's election debacle, will pick a new leader on February 25, 2017 to take the fight to President Donald Trump and his Republicans. The race to chair the Democratic National Committee (DNC) features front-runners Tom Perez, a Hispanic-American and former secretary of labor under Barack Obama who is the establishment pick, and Keith Ellison, a black Muslim congressman from the party's progressive wing who has left open the prospect of pushing to impeach Trump. / AFP / Mandel NGAN AND Brendan SMIALOWSKI        (Photo credit should read MANDEL NGAN,BRENDAN SMIALOWSKI/AFP/Getty Images)
Sanders 2020 Just Became Much More Likely With Tom Perez as DNC Chair