Manhattan, NY Cushman & Wakefield, a global real estate services firm, announced that United Hospital Fund (UHF) has renewed its headquarters lease at 1411 Bdwy. in Midtown. UHF signed a deal for 22,083 s/f on the 7th floor, which it will fully build out into a new workspace. The organization, a nonprofit whose mission is to improve health and health care in New York, was previously located on the 12th floor of the building.
Cushman & Wakefield’s Josh Kuriloff, Matthias Li and Heather Thomas represented United Hospital Fund in the transaction. The landlord, La Caisse, was represented by CBRE’s Paul Amrich, Neil King and Emily Chabrier.
“United Hospital Fund’s decision to make a long-term commitment at 1411 Bdwy. reflects the importance of this building’s location, quality and flexibility for mission-driven organizations,” said Kuriloff, executive vice chairman at Cushman & Wakefield. “Relocating to a newly built-out, amenitized space will allow UHF to better support its team and host the communities and clients it serves, while remaining centrally located in Midtown Manhattan. We are pleased to have delivered a great outcome for our valued client of 25 years.”
Located in the heart of Midtown Manhattan, 1411 Bdwy. offers proximity to Bryant Park, major transit hubs, dining, and cultural amenities, making it an ideal location for nonprofit and office users seeking accessibility and modernized workspace in the city.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,