Lease Beat

Madison Logic Takes Nearly 25,000 SF at 257 Park Avenue South

Madison Logic has signed a 24,562-square-foot renewal and expansion at 257 Park Avenue South, landlord The Feil Organization announced today.

The provider of data-powered solutions for B2B advertisers joins non-profit Environmental Defense Fund, which concurrently signed a long-term renewal for 44,010 square feet in the building.

(Credit: hotelchatter.com)

(Credit: hotelchatter.com)

Built in 1912, the 20-story building is located at 21st Street and Park Avenue South, nestled between the Flatiron District and Gramercy Park neighborhoods.  Landmarks and sites in the neighborhood include Pete’s TavernBaruch CollegeShake Shack, the Flatiron Building, and the Gramercy, Union Square and Madison Square Parks.

Other tenants include Team Detroit, a division of WPPSpaFinder Wellness; and FedEx Office Print & Ship Center.

Brian Feil, vice president of leasing for The Feil Organization and Robert Fisher represented Feil in the transaction.  Mr. Feil could not be reached for immediate comment on the terms of the lease.

Marc Ellman, president of Ellman Realty Advisors, represented Madison Logic.  Mr. Ellman could be not reached by phone and did not immediately return emails seeking comment.

Follow Al Barbarino on Twitter or via RSS. abarbarino@observer.com