Non-Profits on Wall Street
Two nonprofits recently signed at 120 Wall Street, an association center building leased exclusively to nonprofits in exchange for real estate tax exemptions:
- American Institute of Chemical Engineers will take 16,000 SQFT for 15 years, with starting rent in the mid $30s.
- Concepts of Independence signed a lease renewal for 15,000 SQFT for 15 years with a slightly lower rent.
Rents at 120 Wall Street are in line with other recent transactions in FiDi, and the tenants in the building also benefit from the property tax exemption.