{"id":1004816438,"date":"2026-10-23T05:23:40","date_gmt":"2026-10-23T13:23:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004816438"},"modified":"2026-10-23T05:23:42","modified_gmt":"2026-10-23T13:23:42","slug":"rudin-secures-10-year-hq-lease-expansion-in-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rudin-secures-10-year-hq-lease-expansion-in-nyc\/","title":{"rendered":"Rudin Secures 10-Year HQ Lease Expansion in NYC"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6adb730679aab&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004816313\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/41madisonave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"41MadisonAve\" data-image-description=\"&lt;p&gt;Image sent with press release by Amanda Gilberg at Rubenstein&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Mphasis will occupy the 35th and 36th floors at 41 Madison after signing a 14,151-square-foot expansion. Image courtesy of Rudin&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png?w=800\" alt=\"Aerial of 41 Madison in NYC\" class=\"wp-image-1004816313\" style=\"width:392px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Mphasis will occupy the 35th and 36th floors at 41 Madison after signing a 14,151-square-foot expansion. <em>Image courtesy of Rudin<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Mphasis, an IT and consulting company serving the financial services, telecom, logistics and technology industries, has signed a 10-year extension and expansion of its lease at 41 Madison. Rudin owns the 560,000-square-foot tower in Midtown South\u2019s Flatiron District.<\/p>\n\n\n\n<p>The tenant will continue to occupy the 42-story building\u2019s 35th floor while also expanding into the entire 36th floor. The expansion adds 14,151 square feet to the lease, bringing Mphasis&#8217; total footprint to 27,709 square feet.<\/p>\n\n\n\n<p>Opened in 1974, 41 Madison is a modern glass-and-steel tower overlooking Madison Square Park. Rudin recently renovated the property, including redesigning and expanding its lobby. On the lower level, the building now features a 7,000-square-foot conference space offering five-star hospitality services and gourmet culinary selections.<\/p>\n\n\n\n<p>41 Madison is WiredScore Platinum and uses Nantum AI, an advanced building operating system that focuses on using AI to improve efficiency, decrease carbon emissions and optimize tenant comfort.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>LISTEN ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/step-into-my-office-new-yorks-flight-to-experience\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/step-into-my-office-new-yorks-flight-to-experience\/\">New York City\u2019s Flight to Experience<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Other notable tenants at 41 Madison include Zip, BrightTower, SharkNinja, Kensington Vanguard, TenBerke, The Gersh Agency and The Henry Luce Foundation. Mark\u2019s Off Madison, a restaurant and bakery from celebrity chef Mark Strausman, the creator of Fred\u2019s at Barneys New York, operates out of a street-level location.<\/p>\n\n\n\n<p>Robert Steinman, senior vice president of leasing at Rudin, and Craig Panzirer, senior vice president &amp; head of office leasing, represented Rudin in-house. Mphasis was represented by CBRE Executive Vice President William Iacovelli and First Vice President Patrick Moroney.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rudin-s-recent-leasing-activity\">Rudin&#8217;s recent leasing activity<\/h2>\n\n\n\n<p>Rudin might have a knack for retaining long-term tenants. Within the past couple of weeks, the owner-operator-developer landed a <a href=\"https:\/\/www.commercialsearch.com\/news\/rudin-completes-170-ksf-lease-extension-in-manhattan\/\">170,112-square-foot lease extension<\/a> with law firm Seward &amp; Kissel at One Battery Park Plaza in Lower Manhattan\u2019s Financial District. The law firm has been a tenant since 2011 at the property, where it occupies the 19th through 24th floors.<\/p>\n\n\n\n<p>The Midtown South office market saw new leasing decline in the third quarter by 12.9 percent from the previous quarter, to 1.8 million square feet, though this figure was above both that from 12 months prior and the 2025 quarterly average, according to a report from Cushman &amp; Wakefield.<\/p>\n\n\n\n<p>Consistent with the strength of the TAMI (Technology, Advertising, Media &amp; Information Services) sector, the third quarter\u2019s largest lease in Manhattan was Anthropic\u2019s 465,630-square-foot lease at 330 Hudson St.<\/p>\n\n\n\n<p>Office vacancy decreased for the eighth consecutive quarter, to 21.5 percent, and year-to-date absorption was a positive 1.4 million square feet, Cushman &amp; Wakefield reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IT company is taking an additional floor at the Midtown South property.<\/p>\n","protected":false},"author":882,"featured_media":1004816313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32789,32799,52143],"class_list":["post-1004816438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-cushman-wakefield","tag-rudin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rudin Secures 10-Year HQ Lease Expansion in NYC - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Mphasis has signed a 10-year extension and expansion of its lease at Rudin&#039;s 41 Madison, a 560,000-square-foot tower in Manhattan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rudin-secures-10-year-hq-lease-expansion-in-nyc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rudin Secures 10-Year HQ Lease Expansion in NYC\" \/>\n<meta property=\"og:description\" content=\"Mphasis has signed a 10-year extension and expansion of its lease at Rudin&#039;s 41 Madison, a 560,000-square-foot tower in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rudin-secures-10-year-hq-lease-expansion-in-nyc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-23T13:23:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-23T13:23:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/41MadisonAve.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rudin-secures-10-year-hq-lease-expansion-in-nyc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rudin-secures-10-year-hq-lease-expansion-in-nyc\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Rudin Secures 10-Year HQ Lease Expansion in NYC\",\"datePublished\":\"2026-10-23T13:23:40+00:00\",\"dateModified\":\"2026-10-23T13:23:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rudin-secures-10-year-hq-lease-expansion-in-nyc\\\/\"},\"wordCount\":428,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rudin-secures-10-year-hq-lease-expansion-in-nyc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/10\\\/41MadisonAve.png\",\"keywords\":[\"CBRE\",\"Cushman &amp; 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