May 24, 2023
New York Business Journal: The National Academy of Design Grabs Office and Gallery Space in Chelsea
The National Academy of Design, an artist-run organization, has signed a seven-year lease for office and art gallery space in Chelsea.
The National Academy of Design, an artist-run organization, has signed a seven-year lease for office and art gallery space in Chelsea.
The National Academy will be in a 7,800-square-foot-space, located at 519 W. 26th St.
The landlord, 513 West 26th Realty LLC, was represented by Savills' Allison Buck and Kirill Azovtsev. Denham Wolf Real Estate Services secured the space for National Academy.
"When searching for the perfect space for any of our nonprofit clients, and specifically in the arts sector, a lot of important considerations come into play, including the market, size, location, competitors, programmatic needs, the organization's mission, and more," Denham Wolf's Senior Transactions Lauren Davis said in a press release.
Her firm specializes in identifying real estate for nonprofit organizations across all sectors.
For this particular space, the main considerations were its proximity to other art organizations along with a direct connection to Chelsea's park The High Line.
The National Academy was founded in 1825 and is considered the oldest artist-run organization in the country and is also a leading honorary society for artists and architects.
It aims to "promote art and architecture in America through exhibition, education, and research," according to the press release.
Read The Article in the New York Business Journal Here.