CBRE announced that Roc, a nation-wide secured lender based in Manhattan, signed a 6,864-square-foot lease at 645 Madison Avenue. The firm will relocate its headquarters to the 19th floor of the Plaza-District building once renovations are completed on the full-floor space.
Arkady Smolyansky of CBRE represented the tenant in the transaction, while CBRE colleagues Paul Amrich, Neil King, Patrice Meagher and Georgina Cook represented the landlords, Nightingale Properties and Friedland Properties. Asking rent in the tower of 645 Madison Avenue averages $120 per square foot.
“Roc was quickly outgrowing its office at 40 West 57th Street. The firm needed to find a new location for its headquarters that accommodated for future growth and provided a space that could be adapted to fit the Roc brand,” said Smolyansky, who works with tenants and landlords in the Plaza District. “The landlords of 645 Madison Avenue agreed to renovate the 19th floor to create a turn-key headquarters for Roc and we were also able to secure a flexible growth option in the deal. The space benefits from large windows on four sides, lots of natural light and views of Central Park. The location is also ideal, as it keeps the firm close to its clients in the Plaza District.”
645 Madison Avenue is a 157,000-square-foot property located on the corner of Madison Avenue and East 60th Street. The building offers an additional 36,000 square feet of retail space and is a short walk from a collection of high-end retailers, several restaurants, bars and cafes and Central Park. 645 Madison Avenue is easily accessible via the 4, 5, 6, N, R and W subway lines.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
