Lease Beat

DSA Management Takes Part of the 11th Floor in 60 Madison Avenue

Family-owned real estate company DSA Management has inked a 7-year lease to take part of the 11th floor at 60 Madison Avenue, The Commercial Observer has learned.

60madace DSA Management Takes Part of the 11th Floor in 60 Madison Avenue

60 Madison Avenue (photo courtesy of CoStar)

The company, which is currently listed at 113 East 12th Street, will be moving into a 2,200 square foot office space inside the The Moinian Group-0wned building.

Daniel Lolai of Murray Hill Properties represented DSA Management in the deal. Jovani Rampersad of The Moinian Group represented the landlord in-house.

Asking rent was $45-a-square-foot.

The space had been vacant for a spell, while the 11th floor of 60 Madison Avenue attracted a mix of new tenants like consulting and design companies, a person familiar with the deal said. Corbel Capital Services, a financial firm, and G. Hensler & Company , a fashion designer, also take space on the 11th floor, according to CoStar data. 

Mr. Lolai (who sources say recently got hitched) and Mr. Rampersad did not respond to requests for comments.

Launched in 2007 by Arik Lifshitz and Jesse Rhinier,  DSA Realty does a combination of commercial real estate and residential brokerage.

Located just by Madison Square Park, 60 Madison Avenue is currently seven office spaces in the building, including the entire 2nd, 5th and 6th floors, according to the building’s website.

drosen@observer.com