–Commentary Magazine, Puppies Behind Bars, International Rescue Committee among prominent nonprofit leasing transacted in 2011–
New York, NY – December 15, 2011 – Continuing its evolution as the “new” Handler Real Estate Organization, the boutique commercial real estate firm emerged in 2011 as both a preferred real estate advisor and landlord for several of New York City’s leading nonprofit organizations.
Most recently, Handler arranged a long-term, 10,000-square-foot lease at 263 West 38th Street for The International Rescue Committee (IRC), a non-profit organization—founded at the request of Albert Einstein—that provides humanitarian aid to people uprooted by war and disaster.
“Nonprofits see Handler as a dedicated partner with nuanced experience and knowledge that allows us to effectively and efficiently assist them with their real estate needs,” said Handler Principal Scott Galin, who noted that nonprofits are increasingly looking to Handler to help resolve their real estate decisions. “We are actively negotiating with several nonprofits right now and expect more of the same in 2012.”
In addition to IRC, Handler arranged the following nonprofit leases in 2011—through a combination of landlord agency and third-party leasing representation:
- 4,000 square feet at 17 Battery Place on behalf of Waterkeeper Alliance, founded by Robert F. Kennedy, Jr.;
- 5,000 square feet at 263 West 38th Street for Puppies Behind Bars’ New York City relocation. The nonprofit brings specially bred puppies into prisons—who are then trained by inmates—to help wounded service members coming home with Post-Traumatic Stress Disorder and Traumatic Brain Injury;
- 5,000 square feet at 263 West 38th Street for world-renowned musicians groups American Symphony Orchestra and;
- 4,000 square feet at 561 Seventh Avenue for Commentary Magazine, led by noted NY Post columnist John Podhoretz.
- 4,000 square feet at 561 Seventh Avenue for National Action Network, a political, human and civil rights organization political, civil rights organization.
“Our transition into the nonprofit sector was organic. We quickly saw that nonprofits do not function like a typical business,” Galin said. He added that nonprofits often have board members and/or organization directors involved in site selection, as opposed to a single executive who oversees the organization’s real estate. “Nonprofits have specific needs—including space, culture and finances—that are often unique compared to those of more typical office space users. We anticipate growing our nonprofit division to further service these vital organizations.”
About Handler Real Estate Organization
Handler Real Estate Organization is a boutique, full service real estate company based in New York City. For more than half a century, the “Handler Brand” has been synonymous with the development, management and leasing of “premium” real estate in New York City as well as throughout the country.
Handler has an expansive and growing real estate platform that includes, Property Development, Property Management, Landlord and Tenant Leasing Services, Real Estate Advisory Services and Real Property Acquisitions.
Handler is also an owner and investor of several commercial real estate properties.
For more information, visit www.handler-re.com