renovations

Moinian to Install New Lobby at 60 Madison Avenue Later This Year

Renderings of the new lobby at 60 Madison Avenue.

The Moinian Group will begin the final phase of renovations at 60 Madison Avenue in the fourth quarter of this year, The Commercial Observer has learned.

Improvements at the 13-story, 195,000-square-foot Midtown South building will include a new glass and stone lobby designed by the architecture firm Gensler, new elevator cabs, updated common corridors and an advanced security system.  Read More

Assignments

Murray Hill Properties Wins Leasing Assignment At Moinian-Owned 60 Madison Avenue

60madace

The Moinian Group has awarded the leasing assignment for 60 Madison Avenue to Murray Hill Properties, The Commercial Observer has learned.

Newmark Grubb Knight Frank was the previous leasing agent at the 12-floor, 200,000-square-foot building at Madison Avenue between 26th and 27th Streets. Murray Hill Properties, which a source says won the assignment two weeks ago, plans to rename the building 2 Madison Park. Read More

Lease Beat

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

60 Madison Avenue (photo courtesy of CoStar)

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.

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.  Read More