Commercial Real Estate & Advisory

New Foundation Finds Warm Welcome at Wooster

March 1, 2002

A newly found human rights foundation has received a warm welcome at 120 Wooster Street. Robert Crane, formerly of The Joyce Mertz-Gilmore Foundation formed the Jeht Foundation, which recently signed a seven-year lease for 4,600 sq. ft. of built office space on part of the second floor of the building, which is located between Prince and Spring Streets in Soho. Bruce Sinder, President and Christopher Owles, Managing Director of Sinvin Realty, represented the former tenant, an investment banking company in an assignment of the lease. The terms of the lease are undisclosed, although Sinvin had been asking $52 per sq. ft.

The historic six-story loft building at 120 Wooster is considered one of Soho’s premier office building. The space includes Vitra furniture, knoll workstations, state-of-the art telecommunications connections and Sacco cappuccino machine. The Foundation shares its floor with

the Robert Greenberg Gallery, and is located above high-end retailer, BCBG Max Azria.

Susan B. Anthony of Susan B. Anthony represented the tenant.