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Deals & Dealmakers

Jack Resnick & Sons completes 31,472 s/f in leases at 485 Madison

Jack Resnick & Sons announced that four companies have signed leases and renewals totaling 31,472 s/f at its Plaza District tower, 485 Madison Avenue.

Photo via Yardi
Photo via Yardi

In the largest transaction, global energy company Eni USA R&M Co. Inc. (formerly American Agip) renewed its 15,736 s/f lease on the entire 6th floor.

Eni’s North American headquarters has been housed in the space since 2007, and its new lease now extends through 2022.

In addition, three new tenants have each leased a portion of the property’s 4th floor, totaling 15,736 s/f.

Among the new arrivals are Raymond Weil, the luxury Swiss watchmaking company (5,739 s/f); nonprofit organization the Brazilian-American Chamber of Commerce, (3,983 s/f); and lastly, an unnamed, soon-to-launch communications venture (6,014 s/f).

“Our in-house leasing efforts at 485 Madison Avenue have attracted a diverse mix of prominent companies,” said Jonathan Resnick, president of Jack Resnick & Sons.

The new deals bring the property to 98 percent occupancy, with a 7,500 s/f unit remaining available on the 13th floor. The firm intends to pre-build the remaining space for any new tenant.

Fran Delgorio and Brett Greenberg of Jack Resnick represented the building owner in all four leases. Daniel Katcher and Michael Ippolito of NGKF represented Eni. Jonathan Schindler of Cushman & Wakefield represented the Brazilian-American Chamber of Commerce. Snezana Anderson and Bernard Weinstable of CBRE represented Raymond Weil and Jared Stern of Savills Studley represented the communications venture.

 

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