Peter Pennoyer inks lease for bigger space at 136 Madison

Classical architecture firm doubles space to 19K square feet

New York /
Feb.February 18, 2015 02:35 PM

Peter Pennoyer Architects is bursting at the seams in its office at 432 Park Avenue, and is planning to relocate to a space double the size at 136 Madison Avenue in NoMad. The firm inked a 10-year lease deal for the entire 11th floor.

The transition from 9,000 square feet to 18,500 comes due to rapid growth at the firm, according to a release. “Enjoying increasing success, the team at Peter Pennoyer Architects was confronted with a classic ‘good problem’: they had outgrown their existing quarters, but their lease kept them tethered there,” said David Rosenbloom, executive director at Cushman & Wakefield, who represented the firm along with Emily Weber.

Peter Pennoyer still had nine years left on its lease at 432 Park Avenue, for which Cushman & Wakefield found a subtenant.

136 Madison Avenue features a 16-foot-high Art Deco entrance and three multi-tiered chandeliers in the lobby, and was found to meet Peter Pennoyer’s requirement of being housed in an architecturally significant building. Syracuse University occupies the second floor.

Andrew Roos and Michael Cohen of Colliers International represented the Cohen, Roos and Carmel families, who own 136 Madison Avenue, on the new lease. — Tess Hofmann


Related Articles

arrow_forward_ios
Related Companies chairman Stephen Ross and Harris Blitzer Sports CEO Scott O'Neil with Central Park’s Wollman Rink (Getty)
City replaces Trump as Central Park rink operator — with Trump pals
City replaces Trump as Central Park rink operator — with Trump pals
Amir Loloi and 260 Fifth Avenue (Loloi, Google Maps)
With $52M sale to Texas rug maker, plan for oligarchs’ tower unravels
With $52M sale to Texas rug maker, plan for oligarchs’ tower unravels
Stephen Preuss
Top sales broker out at Cushman & Wakefield
Top sales broker out at Cushman & Wakefield
President & CEO of Northwood Investors with 520 and 524 Broadway. (Getty, Google Maps)
Northwood buys two Soho buildings for $325M
Northwood buys two Soho buildings for $325M
Cushman & Wakefield CEO Brett White (Cushman)
Cushman eyeing M&A opportunities post-pandemic
Cushman eyeing M&A opportunities post-pandemic
11 East 26th Street with Henry and Justin Elghanayan (Google Maps, Getty)
Rockrose investment values Nomad office building at $235M
Rockrose investment values Nomad office building at $235M
Salim “Solly” Assa and the Mave Hotel at 62 Madison Avenue (Getty, Google Maps)
Solly Assa delinquent on Mave Hotel loan
Solly Assa delinquent on Mave Hotel loan
CBRE’s Darcy Stacom and Bill Shanahan; Cushman & Wakefield’s Doug Harmon and Adam Spies
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...