Sheltering Arms Inks Deal for New Jamaica Hub
Transwestern Real Estate Services represented Sheltering Arms Children and Family Services in a 34,500-square-foot lease at 165-19 Jamaica Ave. for the social services agency’s new service hub for the Jamaica neighborhood. Transwestern partners Stephen Powers and Lindsay Ornstein, VP Thomas Hines and senior associates Jake Cinti and Alexander Smith represented the tenant.
The new Sheltering Arms Jamaica hub is almost 50% larger than its current location at 89-74 162nd St. The agency plans to relocate in third quarter 202.
“A key aspect of this off-market transaction is that the space allows for Sheltering Arms’ continued growth while rents remain in alignment with their funding agreements,” said Powers, who leads Transwestern’s national Nonprofit Advisory Services.
To date in 2020, Transwestern has closed three leases and two sales transactions for Sheltering Arms in Lower Manhattan, Midtown South Manhattan, Harlem and Queens.
Pictured: Stephen Powers.
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