The Moinian Group has entered into a partnership with CBRE Group to lease the entire fourth and eighth floors at 60 Madison Avenue.
The CBRE agency team of Michael Movshovich, Sam Spillane, and Paul Amrich will market the two floors on behalf of the owner/developer.
A Gensler-designed capital programme is underway including a new lobby, elevators and entrance, which will complete the modernisation of the 13-story, 195,000-square-foot asset overlooking Madison Square Park.
The fourth floor, totalling 18,783 square feet, features an existing open plan installation. The eighth floor, measuring 17,177 square feet, is demolished and offers a flexible floor plate suitable for an open plan layout. Both floors have oversized windows providing natural light and southern views overlooking Madison Square Park.
“Having recently signed cross-platform marketing technology firm, Tapad, to lease the full 18,759-square-foot third floor and with the building’s soon to be completed beautifully renovated lobby, we wanted to partner with an elite agency team who can deliver the quality of tenants befitting the remaining two prime available floors,” says Gregg Weisser, senior vice president of leasing at The Moinian Group. “We have no doubt that Michael, Sam, and Paul will do a tremendous job for us. CBRE Group is a wonderful firm and we’re excited to be working with them again.”
“Midtown South continues to attract a diverse mix of space users including technology and media firms, which continue to provide a tremendous growth engine for New York City,” says CBRE’s Movshovich. “60 Madison Avenue is ideally located on Madison Square Park, which offers a dynamic neighborhood rife with tenant amenities. We are excited to partner with The Moinian Group as they commit extensive capital to modernize the building offering tenants a tremendous opportunity with both classic architecture and the benefits of a modern infrastructure.”
The property at 60 Madison Avenue is within walking distance of some of New York City’s most popular lunchtime eateries, including Eataly, Shake Shack, Gramercy Tavern, Craft, Mesa Grill, BLT Prime, and Zen Palate. The building is also nestled amongst some of the best hotels in Manhattan, including The NoMad Hotel, Ace Hotel, and Gansevoort Park Avenue NYC.