Cushman & Wakefield announced today that the real estate firm has arranged two new leases at 366 Madison Avenue, a 16-story, 100,110 rentable-square-foot building in Midtown Manhattan on behalf of landlord, Ponte Gadea. Additionally, retailer Jos. A Bank also signed a lease renewal in the property’s retail component.
The first lease was arranged for real estate investment firm, L3C Capital Partners. The firm will be occupying the entire 5,952-square-foot, 16th-floor penthouse for its headquarters. The space benefits from a private elevator and terrace. A Cushman & Wakefield brokerage team consisting ofVice Chairman James Frederick, Executive Director Stephen Bellwood and Senior Associate Gordon Houghof Cushman & Wakefield represented the landlord, Ponte Gadea, in the transaction.
The Frederick, Bellwood and Hough team also represented the landlord in a long-term lease arranged for law firm Ortoli Rosenstadt LLP.Managing Director, Diego Rodino di Miglione of Cushman & Wakefield represented the tenant. The firm will occupy the building’s 6,851-square-foot third floor for their headquarters. The space offers a turn-key opportunity, renovated lobby and concierge desk, and the potential for 14 offices.
Menswear retailer Jos. A Bank renewed its lease at 366 Madison Avenue on the building’s ground, 2nd and basement floors, solidifying the retailer’s long-term commitment to the building.
“366 Madison Avenue is a sophisticated office building situated in an exceptional Midtown location,” said James Frederick of Cushman & Wakefield. “We are pleased to have been able to assist in welcoming two new tenants.”
Stephen Bellwood added, “Through renovations, security and technology upgrades, and a willingness to meet the space needs of today’s tenant, ownership has shown a strong and steady commitment to this elegant, boutique office building over the years. The renewal lease in their retail component and the two new office leases in the building show their continued commitment to their property and to Midtown Manhattan.”
366 Madison Avenue offers 24-hour access and masterfully designed full-floor offices. Each floor provides a new HVAC system with tenant-controlled thermostats. Tenants also have the opportunity to customize many features to meet their specific requirements. Currently, there is one newly built full floor available in the building which boasts 21 windows facing Madison Avenue and East 45th Street.
Located at the southwest corner of 46th Street and Madison Avenue, 366 Madison Avenue is ideally situated amongst popular dining, retail and hotel options. The property is also easily accessible via Grand Central Terminal.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
