An agreement has been completed between the Domestic and Foreign Missionary Society (DFMS) and the Permanent Mission of the Kingdom of Lesotho to the United Nations to lease a portion of a floor at the Episcopal Church Center, 815 Second Avenue in New York City.
“I am very pleased by this development,” said Bishop Stacy Sauls, chief operating officer. “For one thing, it is good stewardship of the church’s assets, maximizing the funding available for mission. For another, we of the DFMS are pleased to be working cooperatively in this way with Government of Lesotho. As has been true with the government of Haiti, we hope being neighbors at 815 Second Avenue will lead to increased opportunities for partnerships.”
The consulate will lease 6,379 square feet on the eighth floor of the Church Center, which is within walking distance of the U.N. This space is currently unoccupied.
The lease agreement is for three years. Anticipated revenue is $274,000 in the first year, which “provides an additional $274,000 in revenue beyond budget projections,” said N. Kurt Barnes, chief financial officer.
Parish Property Management Inc. was the leasing agent for the transaction.