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YAI Takes 75K SF at SL Green’s News Building

The Young Adult Institute, one of the region’s largest not-for-profits, has signed an agreement for a 30-year leasehold condominium interest covering 75,353 square feet at SL Green Realty Corporation’s 220 E. 42nd St., commonly known as the News Building. YAI’s space at the 1.2-million-square-foot office property will include a private, employee-only entrance on 41st Street.

“YAI is an exceptional organization and we’re delighted to welcome them to the News Building,” said SL Greeen EVP Steven Durels. “The building is now over 96% leased with this transaction.”

YAI, which offers support and services for children and adults with intellectual and developmental disabilities, was represented by a JLL team of Matthew Astrachan, Joseph Messina, Simon Landmann and Zachary Azus. SL Green was represented in-house by Lawrence Swiger, along with Cushman & Wakefield’s Tara Stacom, Barry Zeller, Justin Royce, Connor Daugstrup and Pierce Hance.

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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 13-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 15-20 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 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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