Fiscal watchdog group The Citizens Budget Commission (CBC) has signed a 10-year, 4,332 square-foot lease at 240 West 35th Street, an 18-story, 165,000 square-foot Class A office building.
The nonprofit organization, which focuses on influencing change in the finances and services of New York City and New York State government, will encompass a portion of the building’s third floor. At press time, it expected to move in December 2019.
The building is owned and managed by Atco Properties & Management. John Cinosky and Colin Godwin of Atco Brokerage Services represented building ownership in the long-term transaction, while Andrew S. Rein, president of the Citizens Budget Commission, represented the tenant. Asking rents were $58 per square foot.