The School of Visual Arts (SVA) is remaining in the 54,000 square feet it now occupies at 335 W. 16th St. in Chelsea.
The new 20-year direct deal kicks in after the current sublease from ADT Security Services expires in July 2022.
Neil A. Lipinski of Lipinski Real Estate Advisors represented SVA.
By committing early, SVA locks in the prime Chelsea location near galleries, the High Line and the Meatpacking District’s Whitney Museum.
The building encompasses the school’s Fine Arts Digital Lab, sculpture studios and private studio spaces.
