Newmark announced three office lease transactions at 600 Madison Avenue in Manhattan.
Newmark’s President of the New York Tri-State Region, David Falk and Director Jonathan Franzel represented the owner and landlord, Ruben Companies in the deals for prebuilt space.
“The pandemic has certainly put some challenges on leasing space in NYC. However, we were able to achieve these three new office transactions for 600 Madison due to a flight to quality on behalf of tenants,” shared Falk.
“We are confident that the high level of workmanship and design put into the new prebuilt space will make it much more appealing to firms looking to move in quickly to an upgraded and modern environment.”
The transactions include leases with major financial institutions, Giverny Capital and Planet Home Lending, and gems and jewelry proprietor, Reza. In closing the transactions, the Newmark team collaborated closely with CBRE’s Michael Remer, JLL’s Jason Roberts and Charles Gerace.
Located at the corner of Madison Avenue and 58th Street, in the center of the Plaza District, 600 Madison hosts major financial firms, law firms and investment funds. The ground-floor retail spaces include Bang & Olufsen, Montblanc and Starbucks.
The property was developed by Ruben Companies in the 1960s and serves as its headquarters today.