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Also in 1980, Silverstein bought the building at 120 Wall Street, which was constructed in 1930.
In 1991, Silverstein set aside 20 floors of 120 Wall Street to be leased by non-profit organizations, as an Association Center, with tax incentives for the tenants and bonds for Silverstein to undertake building renovations.
By 1994, Silverstein had signed up 14 nonprofit tenants for 120 Wall Street, and the building was nearly at capacity by 1997, with 38 nonprofit tenants including the National Urban League and the Illuminating Engineering Society of North America.

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