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Sheltering Arms Relocates to Downtown’s Cunard Building

Transwestern Commercial Services (TCS) represented Sheltering Arms Children and Family Services in two transactions: a 25,000-square-foot headquarters lease at 25 Broadway in Lower Manhattan, and the $7.5-million sale of one floor of its current headquarters at 305 Seventh Ave. in Midtown South. The firm’s Lindsay Ornstein, Stephen Powers, Thomas Hines and Jake Cinti provided Occupier Solutions services for Sheltering Arms.

Sheltering Arms is expected to move to 25 Broadway, also known as the Cunard Building, in mid-2020, joining several other nonprofits there. The building owner was represented by CBRE’s Bruce Surry, Richard Levine and Gary Kamenetsky.

Transwestern is also working with Sheltering Arms to sell its current, three-floor commercial condominium at 305 Seventh Ave. The third floor, comprising 9,476 square feet, was sold to the Consortium for Workers Education (CWE), which was represented in the transaction by Neil Lipinski of Lipinski Real Estate Advisors.

Photo credit: Tdorante10/Wikipedia.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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