Cassidy Turley Secures Long-Term Lease for The Aspen Institute

Cassidy Turley’s Not-for-Profit Practice Group Strategically Consolidates Aspen’s Locations to Better Serve Its Employees and Trustees

Published on September 14, 2011


NEW YORK – September 13, 2011 – Cassidy Turley, a leading commercial real estate services provider in the U.S., secured a 10-year lease agreement for The Aspen Institute for approximately 8,300 square feet of space at 477 Madison Avenue.  The Aspen Institute’s New York executive and administrative offices, which service all of the organization’s New York programs, will now occupy part of the seventh floor at 477 Madison Avenue.

The Aspen Institute, headquartered in Washington DC, is a prominent, global non-profit organization that was founded in 1950.  Its mission is to foster enlightened leadership, encouraging individuals and organizations to reflect on the ideals and ideas that define a good society, and to provide a neutral and balanced venue for discussing and acting on critical issues.

“Aspen has a desire to strengthen its presence and identity in New York and, for the first time, all of their New York programs will be co-located in the same office,” said David Lebenstein, Senior Managing Director, Principal and Leader of the Not-for-Profit Practice, Cassidy Turley. “Cassidy Turley worked with The Aspen Institute on its plans to consolidate its satellite offices to a more convenient location so it may better serve the needs of its employees and Board of Trustees.  To that end, Cassidy Turley’s Not-for-Profit Group worked to lock in a deal at an advantageous rent for a premier location, and negotiate a generous work letter and free rent concession for The Aspen Institute.”

Assisting Mr. Lebenstein in this transaction was Debra Wollens, Vice President.  David Hoffman, Jr., Executive Managing Director, and Wendy Miller, Managing Director represented the landlord.

For more information on Cassidy Turley and its Not-for-Profit Practice Group, please visit: http://www.cassidyturley.com/.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,300 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

About The Aspen Institute
The Aspen Institute mission is twofold: to foster values-based leadership, encouraging individuals to reflect on the ideals and ideas that define a good society, and to provide a neutral and balanced venue for discussing and acting on critical issues. The Aspen Institute does this primarily in four ways: seminars, young-leader fellowships around the globe, policy programs, and public conferences and events. The Institute is based in Washington, DC; Aspen, Colorado; and on the Wye River on Maryland's Eastern Shore. It also has offices in New York City and an international network of partners. For more information, visit www.aspeninstitute.org.

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