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Deals & Dealmakers

Rudin signs finance co. at 41 Madison

MQS Management, a Manhattan-based quantitative global macro manager, will soon relocate to the Rudin Family’s 41 Madison Avenue, a location in one of the Flatiron District’s most heavily-trafficked corridors.

The firm, which is run by industry veteran and financial expert Bob Gelfond, has finalized a 10-year, 10,000 s/f lease comprising a portion of the 34th floor at the 42-story, 500,000 s/f property.

Located on the northeast corner of Madison Avenue and 26th Street, the office tower is situated just steps from Madison Square Park, several major subway lines and world-class shopping and restaurants.

MQS is currently located at 11 East 26th Street and expects to relocate to the property in the first quarter of 2018.
According to Michael Rudin, Vice President of Rudin Management Company, the new lease for MQS comes as the building’s multi-million lobby renovation project is nearing completion.

Designed by Skidmore, Owings & Merrill (SOM), the new lobby will feature marble flooring, pearlescent glass wall panels, and a luminous ceiling lit by energy-efficient LEDs to complement the original book-matched Travertine wall panels that will remain on the elevator cores. It will also include an elegant glass entrance, a new reception area, redesigned elevator cabs and a lounge & conference area.

“We are thrilled to add MQS to our prestigious tenant roster at 41 Madison Avenue as we put the finishing touches on our brand-new lobby,” Michael Rudin said. “Our collaboration with SOM has yielded a beautiful and elegant space, which will enhance MQS’ experience at the building when they move in next year.”

Robert Steinman, Vice President at Rudin, represented the landlord in-house in the long-term deal. Yarden Drimmer, Matthew Fisher and Conor Golden of Cushman & Wakefield, represented the tenant. Asking rents were $82 per square foot.

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