Real Estate Weekly
Image default
Deals & Dealmakers

Sapir signs Donnelley at 261 Madison Avenue

The Sapir Organization announced the signing of a 10-year lease with RR Donnelley, a Fortune 500 integrated communications and marketing company, at 261 Madison Avenue.

The $7 billion firm was drawn to prebuilt space in the classic midcentury tower in Midtown East.

The Sapir Organization was represented on the deal by a CBRE team of Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg and Jared London.

The Chicago-based RR Donnelly, which is relocating its New York City office from 99 Park Avenue, was represented by a CBRE team of Dan Knopf and Ben Fastenberg.

“261 Madison really offers the best of what today’s most innovative Fortune 500 firms are looking for in New York City: a classic Midtown tower near Grand Central, but with custom prebuilt space geared specifically toward cutting-edge creative firms,” said Alex Sapir, President and CEO of The Sapir Organization.

“We’re proactively building out modern, high-end spaces across our office portfolio, and this latest in a string of lease deals at 261 Madison is testament to that work.”

261 Madison was purchased by Sapir along with 260 Madison in 1997 and is also home to WeWork.

(Visited 1 times, 2 visits today)

Related posts

Woodmont buys last mile facility

REW

ON THE SCENE:

REW

Gym takes over old Whitney Houston recording studio

REW