The Real Deal New York

Engineering, construction firms sign for 22K sf at 105 Madison

Deals lease up fifth and sixth floors in A&R Real Estate building

July 16, 2014 02:25PM

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105 Madison Avenue

105 Madison Avenue

Two new tenants have signed on for more than 22,000 square feet of space at A&R Real Estate’s 105 Madison Avenue.

Structural engineering firm GACE Consulting Engineers inked the larger of the two deals, picking up a 13,350-square-foot spread on the 20-story building’s sixth floor. Relocating from 31 West 27th Street, the engineering company plans to move into its new space in October or November.

Ambassador Construction signed the second of the two deals, inking a 10-year lease for 9,100 square feet on the building’s fifth floor. The company is relocating from SL Green’s 317 Madison Avenue.

For both spaces, asking rents were $49 per square foot. Paul Davidson and Michael Frantz of Newmark Grubb Knight Frank represented the landlord in both deals. Alan Desino and David Ervolina of Colliers International represented GACE, while Michael Lenchner of Sage Realty represented Ambassador. [NYO]Julie Strickland

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