GE Capital takes space at RFR’s 285 Madison

Recently-repositioned prewar property now 45% leased

TRD New York /
May.May 17, 2016 08:00 AM

Financial services giant GE Capital is set to take up residence on the 15th and 16th floors of Aby Rosen’s 285 Madison Avenue.

The company signed a 16-year lease for 43,000 square feet at the recently-renovated, 26-story Midtown office building.

Asking rent for the space was in the low $70s.

Alexander Chudnoff, Mitchell Konsker and Dan Turkewitz of JLL represented Rosen’s RFR Realty in the deal, along with in-house broker AJ Camhi. 

GE Capital was repped by CBRE’s Sinclair Li, Sacha Zarba, Frederick Fackelmayer and Ryan Alexander, the New York Post reported

RFR bought the 530,000-square-foot 285 Madison Avenue for $190 million back in 2012. The developer then spent millions repositioning the building, adding amenities such as a roof deck and a fitness center.

The developer sold the Soho Hotel at 11 Howard Street last month to German asset manager Commerz Real for $170 million. [NYP]Ariel Stulberg

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