Target Health Inc., a technology and research firm serving the pharmaceutical industry, is renewing its lease in the space it presently occupies at 261 Madison Avenue in midtown south, between 38th and 39th Streets.
The 383,934 s/f building consists of 28 stories, and recently underwent a major capital improvement project.
The building and its twin tower, 260 Madison, are owned and managed by the Sapir Organization, and are home to major tenants and occupants such as Coca Cola North America, Epix Entertainment, USI Insurance Services, Signature Bank, Chase Bank and top London based Japanese restaurant, Zuma.
“Renewing with our great tenants has always been a priority for our organization,” said Eli Joseb, General Manager of the Property. “We are very pleased to extend our relationship with Target Health for many years to come.” “ Our recent leasing activity is indicative of our commitment to provide our tenants with a high level of service in one of Manhattan’s most desirable locations.”
Target Health occupies 11,284 s/f with an asking rent of $75psf. This is the second renewal the company has signed since moving to 261 Madison in 2001. The location serves as headquarters for the growing company, which employs 50 people.
“The tenants really love and appreciate the amazing views and the full service quality of this building,” said Norman Bobrow & Company’s senior director David Badner who represented the tenant with Norman Bobrow. “Few other buildings compare with that.”