261 Madison Avenue|Office Leasing|05/22/2006 | TRD Research
Deal sheet    Single Deal
261 Madison Avenue|Office Leasing|05/22/2006
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Square feet 135,000
  • Borough Manhattan
  • Neighborhood Garment District
  • Publication Date 07/01/2006
The niche magazine publisher, which currently occupies 200,000 square feet in six Manhattan locations, is consolidated and eliminated 60,000 square feet of space. Alex Sapir, the newly appointed president of his family's firm, reportedly negotiated the transaction and released Primedia from leases at 260 and 261 Madison Avenue for 33,000 square feet and 40,000 square feet, respectively, to facilitate the consolidation. Primedia's other offices are located at 745 Fifth Avenue, 200 Madison Avenue, 1440 Broadway, and 249 West 17th Street.