News: Brokerage

The Conference Board signs 20-year 30,171 s/f lease at Global Holdings’ 875 Third Ave.

Manhattan, NY Global Holdings said that global nonpartisan think tank The Conference Board, Inc. has signed a 20-year lease at 875 Third Ave. in Midtown East. A relocation of its headquarters, the nonprofit organization will occupy the entire ninth floor totaling 30,171 s/f.

Erik Schmall and Scott Weiss of Savills represented the tenant. The landlord was represented by Paul Glickman, Diana Biascotti, Kristen Morgan, and Harris Potter of JLL, along with Global Holdings’ Craig Panzirer and Alex Radmin.

Founded in 1916, The Conference Board, Inc. serves its members by producing data, research, and thought leadership on the economy, public policy, and workforce trends. It counts over 1,000 public and private corporations and other organizations as members encompassing 60 countries. It convenes conferences and peer-learning groups, conducts economic and business management research, and publishes several widely tracked economic indicators.

“The Conference Board’s long-term commitment underscores continued demand from mission-driven, globally respected organizations for top-tier, well-located office space with strong ownership and high-quality infrastructure,” said Craig Panzirer, senior vice president, director of leasing at Global Holdings Management Group. “875 Third Ave. offers the stability, flexibility, and top-tier amenities that today’s leading institutions are searching for to support their people and their mission over the long-term.”

Located at the corner of 53rd St. and Third Ave., 875 Third Ave. is a 29-story, class A office tower offering large, efficient floor plates and abundant natural light. Designed by Emery Roth & Sons, the building features recent upgrades to its lobby, amenity offerings, and infrastructure. Tenants benefit from direct access to public transit, a range of on-site retail and dining options, and a central Midtown East location near major business, diplomatic, and transportation hubs. The building’s lower level features a food court that serves as a popular destination for tenants and the surrounding community. With a curated mix of dining options including Atto Sushi, Cafe Attou, Starbucks, Dunkin Donuts and Chopt, the food hall offers a convenient and diverse selection of meals, snacks, and coffee throughout the day.

The Conference Board, Inc. joins a roster of existing tenants at 875 Third Ave., including Cerberus Capital Management, credit manager CIFC Asset Management, Deutsche Bank’s asset-management spinoff DWS Group and law firms Epstein Becker & Green, Troutman Pepper and Kaufman Borgeest & Ryan.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.