Marx Realty just announced that private investment firm, Orangewood Partners, is relocating from 9 West 57th Street to the company’s newly renovated 545 Madison Avenue.
Orangewood has signed a seven-year lease for a 10,000 s/f pre-built suite on the third floor of the Plaza District building.
Ben Friedland and Taylor Scheinman of CBRE represented Orangewood while Marx Realty was represented by the Cushman Wakefield leasing team of Tara Stacom, Harry Blair, Peter Trivelas, Remy Liebersohn, Connor Daugstrop and Bianca Di Mauro. The asking rent was $87 psf.
“The workplace as we know it is continually being redefined and design details have become an extremely important part of the equation,” said Craig Deitelzweig, president and CEO of Marx Realty.
“The hospitality-infused office aesthetic we’ve pioneered across the country truly sets us apart from the competition and positions our assets for success as the flight to quality in the office sector is amplified by the market conditions and employers seeking to provide inspiring and welcoming spaces to attract and retain talent.”
A $7 million renovation at 545 Madison included a reimagined lobby, pre-built office suites and will ultimately boast a 7,000 s/f of indoor/outdoor club space on the 8th floor .
“Our strategy is, and always has been, about answering the demand for truly special office spaces that inspire creativity and speak to the ‘heart and soul’ of the occupying firms,” said Deitelzweig. “Brokers representing leading financial, media and technology firms continue to sing the praises of the signature hotel-like style we’ve brought to markets across the country including New York, Atlanta and Washington. They know that companies want to bring their employees back to a beautiful space.”
Plans for the club floor, branded the “Leonard Lounge” at 545 Madison include a ceiling- suspended fireplace, bar seating overlooking a landscaped terrace and a 40-seat boardroom to give tenants the option to work or unwind in a space outside of the traditional office setting.
A café with built-in appliances give tenants the ability to host catered events in the lounge and Marx Realty’s signature scent will also infuse the amenity spaces.
Additionally, Marx Realty’s proprietary Marx Connect software interface will be implemented to minimize physical interaction as the doorman and lobby personnel work in tandem to reduce the need for tenants and visitors to come in contact with surfaces as well as providing an easy flow into the building.
David Burns and Kristin Kaiser of Studios Architecture worked with Marx Realty’s in-house design team reimagine the lobby and amenity spaces at 545 Madison. OTJ Architects, along with Marx Realty’s in-house design team, created the pre-built suites on the third and fourth floors.
Additional tenants at 545 Madison include corporate offices of Snow Phipps, Home Shopping Network, Strike GTS and top-tier wealth management companies.