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C&W to Market Development Site in Columbus Circle

American Bible Society to Sell Corporate HQ at 1865 Broadway
March 25, 2014
The American Bible Society (ABS) has tapped Cushman & Wakefield to market a prime development site at 1865 Broadway on the northeast corner of 61st Street and Broadway in Columbus Circle near Central Park.

The 12-story property, which has been occupied by ABS for 48 years, now serves as the corporate headquarters for the charitable organization and includes the Museum of Biblical Art, which exhibits art works inspired by the Bible. Cushman & Wakefield will also be assisting ABS in selecting a new ministry site.

"The 1865 Broadway property has served us well for nearly 50 years. The decision to sell the property was made to unlock the value of the site to further the mission of American Bible Society," said ABS Board chairman Pieter Dearolf.

A CZ team led by Helen Hwang, Nat Rockett, Steve Kohn, Karen Wiedenmann and Brian Szczapa, are marketing the site, which has the capacity for a more than 300,000-square-foot building.

"1865 Broadway offers an extremely rare, scalable development site located in one of the most exclusive sections for super-luxury development," said Hwang, a Cushman & Wakefield Executive Vice President. "The chance to construct a market defining brand in a globally recognized location will place 1865 Broadway at the top of the list of major developments occurring anywhere in the world."

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