Case Study Leukemia & Lymphoma Society
Space 25,000 sq ft
Location 61 Broadway
The Leukemia and Lymphoma Society had been at 475 Park Avenue South for many years in about 10,000 s.f. Growing out of their space was negatively affecting their ability to run their programs, recruit and raise money, so they needed answers quickly.
The Leukemia & Lymphoma Society loved where they were on Park Avenue South in the heart of what has become a vibrant and dynamic neighborhood. However, as the area transformed into a tech and media hub, deep-pocketed companies desperate for cool loft space have driven rents up dramatically.
LLS needed more than 20,000 square feet in a space that supported high donor foot traffic and visibility, and they wanted to be in the downtown area.
With multiple potential spaces and a financially strong tenant, we let the landlords compete for LLS. We ended up with more space at less than half the cost of remaining in place, on a beautiful full floor at 61 Broadway that had high ceilings, great natural light and excellent access to all sorts of public transportation.
We negotiated a full build to LLS’ specifications on the landlord’s dime, and a year of free rent. All in, LLS saved $5 million, which allowed them to put more dollars into the amazing work they do instead of into the landlord’s pocket.