New York, NY, August 3, 2015
– Colliers International
has arranged a long-term, 6,850-square-foot headquarters lease for non-profit organization Publicolor at 20 West 36th Street.
The New York City-based non-profit — which seeks to improve education for youth through a long-term continuum of design-based programs that include painting warm colors in cold, institutional-looking inner-city public school buildings — will relocate its headquarters to the 12-story, 100,000-square-foot office building in fall 2015. Publicolor’s new space, which will occupy the entire ninth floor, will include a combination of studios for students and offices for staff.
With a mission to fight poverty and counteract inner-city public schools’ alarming dropout rate, Publicolor engages disconnected youth in their education through their applied learning model, academic support, and teaching career readiness skills. The organization’s services include weekly after-school college and career preparatory workshops, weekly tutorial sessions, a seven week summer literacy and math immersion taught through product design, community service scholarships, and volunteer opportunities to mentor, tutor, and paint the walls of public schools and under-resourced community facilities alongside students.
“Identifying and securing this new location for Publicolor required an extensive search given the organization’s desire to stay within the neighborhood and find a lofted space with plentiful natural light within their budget,” said Dmitry Levkov, Managing Director at Colliers International, who exclusively represented the tenant in the transaction, and an active Publicolor volunteer. “I am extremely pleased to have helped Publicolor find these requirements in its new home at 20 West 36th Street given my personal connection to the non-profit.”
Michael Moorin, of Newmark Grubb Knight Frank, represented ownership, The Rosen Group, in the transaction.
Located between Fifth and Sixth Avenues, the property at 20 West 36th Street is conveniently situated three blocks north of Herald Square and four blocks south of Bryant Park and easily accessible via the N, Q, R, B, D, F, and M subway lines.