Through the grant, USCJ will continue to provide expertise and consulting to its affiliated congregations to develop comprehensive visions and action plans on inclusion.
"This past year, USCJ's partnership with the Ruderman Family Foundation has shown that a concerted effort such as this one can make inclusion a spiritual and programmatic reality," said USCJ CEO Rabbi Steve Wernick.
I have been impressed by the passion and dedication with which USCJ has embraced our partnership.
As part of the transaction, the USCJ has closed on the sale of its Midtown East headquarters at 820 Second Avenue for $16 million, as part of an organization-wide plan to reinvest capital into their organization.
Shapses and Executive Vice President, Director & Branch Manager Ira Schuman, represented the USCJ in the long-term leasing transaction at 120 Broadway, as well as in the disposition of their Midtown East office asset.
According to Shapses the USCJ will join a prestigious tenant roster including ALM Media, the New York State Department of Law, Banco Popular, and the Alliance for Downtown New York, among others.
Schunan, an industry veteran with more than 30 years of experience specializing in not-for-profit transactions, including recent work with organizations such as Fed-Cap, Congregation Habonim and several others, added that the deal will enhance USCJ's strategic plans and programs focused on serving it's member synagogues.
"The USCJ was really looking for value with this transaction, as many not-for-profits are moving more towards investing in their organizations versus their real estate in general," he said.
of Kane Kessler, PC, who represented USCJ
. Craig Price of Belkin Burden Wenig & Goldman, LLP, represented the seller of 820 Second Avenue.