New Location Will Help Nonprofit Expand Programming, Assist More New Yorkers
(June 21, 2023 – New York City) – OPEN Impact Real Estate LLC (OPEN) announces that it represented Part of the Solution (POTS) in a 11,000-square-foot lease for a new office location at 2450 Grand Concourse, in the Bronx. Stephen Powers and Lindsay Ornstein, founders of OPEN, with vice presidents Alexander Smith and Casey Noel, represented POTS in the transaction.
POTS, which offers a variety of comprehensive services to fight poverty and hunger in The Bronx, moved into the new location in early June 2023 and occupies the entire second floor of the building. The location houses increased programming space, conference rooms, and a classroom, as well as administrative offices. Prior to POTS’ occupancy, building ownership, Cohen Jemal Partnership, completed a significant buildout project, including a newly renovated lobby, new elevator and installation of a state-of-the-art HVAC system.
“We are very excited about our new location, which will help us to better respond to the increased levels of need throughout the Bronx,” said Christina Hanson, Executive Director of POTS. “Our clients have endured difficult times, first through the pandemic and now with dramatically increasing prices of food and other necessities. We appreciate the efforts of the OPEN team to find us a space that will help us better serve our them.”
Located in the Fordham neighborhood of the Bronx, POTS’s new office has a dedicated entrance, lobby and elevator. Located on a corner, the site offers excellent visibility and branding opportunities for POTS and is easily accessed by public transportation.
The office provides POTS the opportunity to expand its service offerings at its primary location at nearby 2759 Webster Ave., where it offers dignity and wellness services, food security programs, a legal clinic and a long-term stability program. In 2022, POTS provided 3,203,000 meals through its lunch service and pantry, served more than 37,300 people, and provided in excess of $36 million in economic value to the community.
“We are pleased to have found POTS a new location that provides them the ability to expand their critical programming right in the community they serve,” said Powers. “The new office featured a turnkey design that perfectly suits their needs, particularly with its ‘building within a building’ entrance and elevator for clients and staff.”
Joseph A. Jemal and Alan J. Jemal of Jem Realty represented building ownership in the transaction.
About Part of the Solution
POTS offers a comprehensive and personalized mosaic of services to fight poverty and hunger in the Bronx, at no cost to clients. We listen to the needs of our community and we seek to provide clients with the widest variety of services possible to create a pathway forward for all who seek help and to help them in their journey to stability. For more information, please visit https://potsbronx.org or follow us @POTSBronx.
About OPEN Impact Real Estate LLC
OPEN Impact Real Estate (OPEN) is a woman-owned business that delivers a comprehensive range of commercial real estate brokerage and advisory services, with a focus on supporting social-minded, mission-driven organizations. Based in New York City, OPEN serves clients across the United States, particularly those that value the benefits of working with an M/WBE with deep expertise in furthering mission through physical space. OPEN is an affiliate of Transwestern Real Estate Services. For more information, please visit www.openregroup.
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