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New York

Bloomberg charity, Zeckendorf sign on at 650 Madison: report

New leases said to total 100K square feet and average $150 per square foot

650 Madison Avenue (Inset: Arthur Zeckendorf and Michael Bloomberg)
650 Madison Avenue (Inset: Arthur Zeckendorf and Michael Bloomberg)

Bloomberg Philanthropies reportedly signed a lease for 25,000 square feet at Crown Acquisitions and Highgate Holdings’ 650 Madison Avenue, unnamed sources told the New York Post.

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The tenant is one of three that signed at the nonprofit foundation since January. The new leases total 100,000 square feet and average $150 per square foot. Roughly 50,000 square feet remain at the 27-story office and retail tower, which Crown and Highgate acquired for $1.3 billion last year, as previously reported. Zeckendorf Development is said to be another new recently signed tenant at the 600,000-square-foot site.

Mitchell Konsker of JLL declined to confirm the deals to the New York Post. [NYP] — Mark Maurer