Lease Beat

Barcelona Fashion Giant Puig Lease Brings 183 Madison Avenue to 99 Percent Occupancy

183 Madison Avenue

The Barcelona-based fashion and fragrance company Puig signed a 10-year lease for a 7,240-square-foot penthouse office space at 183 Madison Avenue, The Commercial Observer has learned. A 1,200-square-foot terrace sweetens the deal, which brings the 257,000-square-foot building to 99 percent occupancy just two years after it had been half vacant.

Harry Blair and Sean Kearns of Cushman & Wakefield, along with Gerard Nocera of co-asset manager Herald Square Properties, represented the owner, Inversiones y Representaciones Sociedad Anóma. Mark Weiss and Rob Eisenberg of Newmark Grubb Knight Frank represented the tenant. Asking rent was $75 per square foot. Read More

Lease Chart

William Reed Signs New York Office

Courtesy of Art Deco

William Reed Business Media has signed a deal for their permanent New York office.

The well-respected United Kingdom-based media publishing company has signed a deal at 183 Madison Avenue for a 1,550-square-foot office on the 15th floor to house the firm’s team in the United States.

“They initially started out with a temporarily location,” said Read More

Lease Beat

The Spector Group Drafts New Headquarters at 183 Madison Avenue

183 Madison Avenue

The Spector Group,  an architecture, interior design, and master planning firm, will be moving from their headquarters at 19 West 44th Street to 183 Madison Avenue.

The new space at 183 Madison will span 13,000 square feet, with an emphasis on keeping an open floor plan.

“It brings about a connectivity, an interaction, that I feel is necessary in a creative environment, such as what we are in,” said Scott Spector, principal of Spector Group. Read More

Power Broker

From Denim to Digital: How Scarsdale’s Grant Greenspan Became Manhattan’s Top Broker to the Tech Start-Ups

Grant Greenspan.

It was some time around 2010 when Grant Greenspan—a 50-year-old real estate broker to denim makers in the 1980s and 1990s—came around to his company’s view that investing in a building in Midtown South would be, shall we say, a financially prudent decision.

His company, the Kaufman Organization, had been considering the acquisition of 183 Madison Avenue and 100-104 Fifth Avenue, but both buildings came with risk. Read More