Agency Shifts

Cornerstone Enlists Cassidy Turley as Leasing Agent for 551 Madison Avenue

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Cornerstone Real Estate Advisers has selected Cassidy Turley as the new leasing and management agency for 551 Madison Avenue, it was announced today. The 150,000-square-foot property is located at the corner of 55th Street.

Cornerstone acquired the building in a transaction that closed at the end of December 2012, Jim Frederick, executive managing director and principal at Cassidy Turley, told The Commercial Observer earlier today.

The building was previously managed by Jones Lang LaSalle and leased by Cushman Wakefield, Mr. Frederick said. The sale was handled by CBRE. Read More

Lease Beat

Hair Club Opens 100th Location in New York

Courtesy of Hair Club

Hair Club is celebrating the opening of its 100th location with a new salon in New York.

A self-described leader in the hair restoration industry, Hair Club will be opening a 16,400-square-foot center at 551 Madison Avenue. The center will span the fifth and sixth floor of the building and prides itself on an innovative and environmentally-sustainable design, according to officials involved with the deal. Read More