Lease Beat

Drybar Continues Manhattan Takeover With New Lease at 270 Madison

270 Madison Avenue.

Drybar, the “blow dry bar” that began in Los Angeles and has since spread throughout Manhattan, is opening another salon, Commercial Observer has learned.

The company has signed a lease for 3,050 square feet at 270 Madison Avenue between East 39th and East 40th Streets, only blocks from Grand Central Terminal, according to a press release issued by ABS Partners Real Estate, which helped broker the deal. Asking rents in the 14-year lease were $125 per square foot. Drybar, which already has eight locations in Manhattan, is expected to open at the property this summer. Read More

Lease Beat

Marcus & Millichap Moving South on Madison Avenue

260 Madison Avenue.

Marcus & Millichap will move its New York office across the street to 260 Madison Avenue after signing a lease with the Sapir Organization.

The California-based real estate investment firm is leaving 270 Madison Avenue for a 37,000-square-foot space at 260 Madison Avenue, The Real Deal first reported. The 10-year lease puts Marcus & Millichap on the fifth floor of the building between East 38th and East 39th Streets. Read More

Lease Beat

TechLaw Solutions Moves to 270 Madison Avenue

Courtesy of Marcus & Millichap

TechLaw Solutions has inked a deal at 270 Madison Avenue.

The law solutions firm will be moving their New York office down the street from 400 Madison Avenue to the ABS Partners Real Estate-owned 270 Madison Avenue. The new lease is set to span 6,106 square feet on the fourth floor of the building, approximately 500 square feet larger than the firm’s previous office. Read More