Cresa Arranges New Offices for The Bridgespan Group at 333 7th Avenue
Cresa Advisors Robert Sattler, Mark Toubin and Richard Lowe relocate nonprofit consulting firm; Cresa Managing Principal James Pirot providing Project Management services
Cresa Principals Rob Sattler, Mark Toubin and Richard Lowe provided Transaction Management services to The Bridgespan Group for its relocation to 333 Seventh Avenue, with a 10-year lease term, from 111 West 33rd Street. Additionally, Cresa Managing Principal James Pirot is providing Project Management services for the organization’s new 11,875-square-foot, 11th floor office space. The Bridgespan Group is a Boston-based nonprofit organization specializing in strategy consulting and leadership development for other nonprofits, as well as foundations, investors and philanthropists.
“This move will expand The Bridgespan Group’s current footprint with more modern and efficient space,” says Mr. Sattler. “The building’s proximity to Penn Station also allows the regional staff to continue to travel easily between New York and Boston.”
The 21-story North Chelsea prewar building, located between 28th and 29th Streets, is close to Penn Station and other public transportation, the High Line and Hudson Yards. The landlord, Samco Properties, was represented inhouse by Joshua Smith, Partner. It is expected The Bridgespan Group will take possession in August 2019.