News: Brokerage

The Conference Board signs 20-year 30,171 s/f lease at Global Holdings’ 875 Third Ave.

Manhattan, NY Global Holdings said that global nonpartisan think tank The Conference Board, Inc. has signed a 20-year lease at 875 Third Ave. in Midtown East. A relocation of its headquarters, the nonprofit organization will occupy the entire ninth floor totaling 30,171 s/f.

Erik Schmall and Scott Weiss of Savills represented the tenant. The landlord was represented by Paul Glickman, Diana Biascotti, Kristen Morgan, and Harris Potter of JLL, along with Global Holdings’ Craig Panzirer and Alex Radmin.

Founded in 1916, The Conference Board, Inc. serves its members by producing data, research, and thought leadership on the economy, public policy, and workforce trends. It counts over 1,000 public and private corporations and other organizations as members encompassing 60 countries. It convenes conferences and peer-learning groups, conducts economic and business management research, and publishes several widely tracked economic indicators.

“The Conference Board’s long-term commitment underscores continued demand from mission-driven, globally respected organizations for top-tier, well-located office space with strong ownership and high-quality infrastructure,” said Craig Panzirer, senior vice president, director of leasing at Global Holdings Management Group. “875 Third Ave. offers the stability, flexibility, and top-tier amenities that today’s leading institutions are searching for to support their people and their mission over the long-term.”

Located at the corner of 53rd St. and Third Ave., 875 Third Ave. is a 29-story, class A office tower offering large, efficient floor plates and abundant natural light. Designed by Emery Roth & Sons, the building features recent upgrades to its lobby, amenity offerings, and infrastructure. Tenants benefit from direct access to public transit, a range of on-site retail and dining options, and a central Midtown East location near major business, diplomatic, and transportation hubs. The building’s lower level features a food court that serves as a popular destination for tenants and the surrounding community. With a curated mix of dining options including Atto Sushi, Cafe Attou, Starbucks, Dunkin Donuts and Chopt, the food hall offers a convenient and diverse selection of meals, snacks, and coffee throughout the day.

The Conference Board, Inc. joins a roster of existing tenants at 875 Third Ave., including Cerberus Capital Management, credit manager CIFC Asset Management, Deutsche Bank’s asset-management spinoff DWS Group and law firms Epstein Becker & Green, Troutman Pepper and Kaufman Borgeest & Ryan.

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