May 20, 2016
Zionist Organization of America, a New York not-for-profit corporation founded
in 1897 to aid in the development of the State of Israel and fight
anti-Semitism, has sold its office building in Manhattan to an affiliate of the
Caerus Group LLC for $38,200,000. The building is a 5-story office
building with ground floor retail space located at 4 East 34th Street.
At Closing, the Seller leased back certain office space on a temporary basis
while it acquires a new Manhattan location to serve as its national
Seller was represented by Mark S. Levenson, David F. Segal, James M.
Hirschhorn, Mitchell D. Haddad and Jeffrey Meltzer of Sills Cummis & Gross