{"id":1004162330,"date":"2016-12-22T09:52:39","date_gmt":"2016-12-22T17:52:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162330"},"modified":"2022-12-09T02:14:51","modified_gmt":"2022-12-09T10:14:51","slug":"437-madison-ave-welcomes-2-new-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/437-madison-ave-welcomes-2-new-tenants\/","title":{"rendered":"437 Madison Ave. Welcomes 2 New Tenants"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004162332\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004162332\" data-attachment-id=\"1004162332\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/437-madison-ave-welcomes-2-new-tenants\/437-madison\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg\" data-orig-size=\"1464,908\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Evelina Croitoru&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1482166530&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"437 Madison\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg?w=1024\" class=\"wp-image-1004162332 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg\" alt=\"437 Madison Avenue\" width=\"300\" height=\"186\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg 1464w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg?resize=300,186 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg?resize=768,476 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/437-Madison.jpg?resize=1024,635 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004162332\" class=\"wp-caption-text\">437 Madison Avenue<\/p><\/div>\n<p><strong>New York<\/strong>\u2014Montgomery McCracken Walker &amp; Rhoads LLP and Prelude Capital have signed two separate leases totaling 47,821 square feet of office space at the William Kaufman Org.\u2019s (WKO)\u00a0437 Madison Ave.<\/p>\n<p>Montgomery McCracken, a full-service law firm, inked a 10-year, 28,297-square-foot lease, consisting in a part of the 23<sup>rd<\/sup> floor and the entire 24<sup>th<\/sup> floor of the four-story tower. The law firm has been a subtenant at 437 Madison since 2011. The new direct lease will start in the first quarter of 2018. Michael Lenchner, vice president &amp; director of leasing at\u00a0Sage Realty Corp., the leasing and management division of WKO, represented the tenant in the long-term transaction.<\/p>\n<p>Prelude Capital signed a six-year, 19,524-square-foot lease, expanding the company\u2019s footprint in the building to a portion of the 33<sup>rd<\/sup> and 34<sup>th<\/sup> floors. Lenchner represented the tenant in the lease extension, which will be completed in the first quarter of 2017.<\/p>\n<p>\u201cThese transactions are a clear indicator of the ongoing resurgence of the Midtown East market and the success of our multimillion-dollar capital improvement program at 437 Madison Ave., an iconic property that has been reimagined for the 21st century. We are committed to maintaining 437 Madison as a premier Plaza District trophy building and look forward to continuing to serve our tenant\u2019s office space needs throughout the coming years,\u201d Lenchner said in prepared remarks.<\/p>\n<p>437 Madison was built in 1967 and designed by Emery Roth &amp; Sons. It has long been regarded as a key property in the Midtown East office market. Besides Montgomery McCracken and Prelude Capital, the tenant roster for the building includes Omnicom Group Inc., Medallion Financial Corp., Kekst and Co. and Carnegie Corp. of New York.<\/p>\n<p>The leasing transactions follow a period of successful leasing activity in the building, with Sage Realty Corp. completing more than 139,830 square feet of new leases and renewals since the beginning of 2016.<\/p>\n<p><em>Image\u00a0via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Montgomery McCracken Walker &amp; Rhoads LLP and Prelude Capital inked two long-term leases at the key Midtown East office property.<\/p>\n","protected":false},"author":1055,"featured_media":1004162332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[],"class_list":["post-1004162330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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