Designer brand Michael Kors has inked a 40,553-square-foot short-term lease at Milstein Properties’ 335 Madison Avenue, The Real Deal has learned. [more]
Posts Tagged ‘335 madison avenue’
More and more of the big technology companies are interested in space in Manhattan, in particular because of their desire to be near the advertising companies on Madison Avenue, the New York Times reported. During the upcoming Advertising Week, Yahoo will be able to present its new offices in Viacom’s Times Square building to potential advertising clients, in a way that it wasn’t able to do before.
Yahoo’s Times Square suite at 1540 Broadway has purple-hued conference rooms, a lobby with custom graphics and door pulls shaped like exclamation points, and a dynamic design that are symbolic of a high-tech company. … [more]
Facebook has inked a deal to lease two floors at Milstein Properties’ 335 Madison Avenue — the former Biltmore Hotel, between 43rd and 44th streets — and could expand to as much as 150,000 square feet there, sources told the New York Times. That’s enough to house up to 600 employees, at a time when the social network is reportedly getting ready for an aggressive hiring push for new advertising sales representatives in the city. Currently, the company has 15 open positions in New York and a 5,700-square-foot office in Midtown that’s already overcrowded. [NYT]
Fighting back after losing millions of square feet in leasing agency assignments in recent months, commercial services firm CB Richard Ellis picked up the assignment for the 1.1 million-square-foot 335 Madison Avenue, Edward Goldman, a company executive vice president, told The Real Deal. The news comes two months after CBRE picked up the assignment for the 430,000-square-foot 101 Sixth Avenue in Hudson Square, but after losing the Empire State Building, 100 Church Street and others. The new assignment is welcome news for the brokerage. Because of losses such as 100 Church Street, CBRE is agent for nearly 7 million fewer square feet in Manhattan since September. As of this week, it was leasing agent for buildings, covering 55.5 million square feet, down from 62.2 million square feet three months ago, according to data from research firm CoStar Group. CBRE signed on earlier this month as leasing agent for the Milstein Properties Midtown building at Madison Avenue between 43rd and 44th streets, Goldman said. Before taking over, leasing had been handled by the Milstein in-house firm MB Real Estate. … [more]