Securing Stability: Strategic Lease Renewal at the Graybar Building
Company: Swiss Benevolent Society
Building: 420 Lexington Avenue
Lease Term: 5 years
Lease Type: Lease Renewal
Delivery conditions: Turnkey
Landlord: SL Green
The Challenge
The Swiss Benevolent Society is a nonprofit dedicated to fostering connections within the Swiss community. They faced the challenge of securing a more stable and economically favorable lease for their existing space at the Graybar Building. The organization's goal was to continue its activities without disruption while maintaining control over operational costs.
The Solution
We successfully negotiated a five-year lease renewal for their 1,039-square-foot space on the fourth floor of the Graybar Building at 420 Lexington Avenue. This agreement ensured continuity in a familiar setting, which is crucial for the ongoing programs and activities of the Society.
The Outcome
This lease renewal provides the Swiss Benevolent Society with the stability necessary to plan for the future and secures its operational space on agreeable economic terms. By remaining in the Graybar Building, the organization can continue to thrive without the disruption of relocation, allowing it to focus on expanding its impact within the community. This strategic move ensures that it remains a central and accessible hub for its members and the broader Swiss network in the area.
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