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


Related Articles

arrow_forward_ios
From left: G.H. Palmer's Geoffrey Palme, RFR Holdings' Aby Rosen, Macklowe Properties' Harry Macklowe, Thor Equities' Joseph Sitt and Ellicott Development's Carl Paladino (Getty, iStock)

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
The Seagram Building at 375 Park Avenue with a photo illustration of RFR's Aby Rosen (Getty, Google, iStock)

Aby Rosen to build sprawling gym in Seagram Building

Aby Rosen to build sprawling gym in Seagram Building
Aby Rosen and Lever House at 390 Park Avenue (Credit: Getty Images, Google Maps)

Aby Rosen hands over Lever House to Tod Waterman and Brookfield

Aby Rosen hands over Lever House to Tod Waterman and Brookfield
Aby Rosen of RFR Realty and the Chrysler Building (Getty; iStock)

Aby Rosen is bringing back the Chrysler Building’s observation deck

Aby Rosen is bringing back the Chrysler Building’s observation deck
Beny Steinmetz and a rendering of The XI at 76 11th Avenue (JACK GUEZ/AFP via Getty Images; BIG)

Mining company asks court to reveal Beny Steinmetz’s NYC real estate plays

Mining company asks court to reveal Beny Steinmetz’s NYC real estate plays
Aby Rosen and the Chrysler Building (Credit: Lev Radin/Pacific Press/LightRocket via Getty Images)

Aby Rosen seeks to rework Chrysler Building ground lease

Aby Rosen seeks to rework Chrysler Building ground lease
RFR Realty’s Aby Rosen with 1600 Broadway and 900 Third Avenue (Credit: Getty Images, Google Maps)

Aby Rosen ditches $600M in building buys

Aby Rosen ditches $600M in building buys
The Chrysler Building and Aby Rosen (Credit: Rosen by Sean Zanni/Patrick McMullan via Getty Images)

Retail tenants disappearing from Chrysler Building

Retail tenants disappearing from Chrysler Building
arrow_forward_ios

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

Loading...