Marcus & Millichap has tacked on an extra 6,100 square feet at its Midtown East office to make room for its growing sales staff, the New York Observer reported.
The real estate investment services firm plans to fill the additional space at 270 Madison Avenue, near 40th Street, with 35 more brokers and agents. Its Northeast offices — in Manhattan, Brooklyn, White Plains, N.Y., and New Jersey — closed 645 deals totaling more than $2.4 billion last year, according to the newspaper.
“We’ve been bursting at the seams the last seven months so this was an easy decision for us,” J.D. Parker, first vice president and Manhattan office regional manager at Marcus & Millichap, told the Observer.
ABS Partners Real Estate owns the 19-story building, on a block that the city considers ripe for development, as reported by The Real Deal. Other owners on the block, which fronts Madison Avenue between 39th and 40th streets, include Abramson Brothers and Quartz Realty. [NYO] – Mark Maurer