Bank Leumi USA, the largest subsidiary of Israeli bank The Leumi Group, signed a long-term lease earlier this month for 58,548 square feet at 350 Madison Avenue as The New York Post reported. Asking rents in the building range from $60-per-square-foot in the base to $85-per-square-foot in the penthouse.
Occupying the entirety of floors three, four and six, the Israel-based financial services firm will be the building’s largest tenant.
Bank Leumi USA signed a 20-year, 60,000-square-foot lease at 579 Fifth Avenue and will fan out across five floors of the 17-story, 150,000-square-foot Midtown building. The American satellite of the Israeli bank currently has a branch at the ground floor storefront. Asking rents were in the $60 per square foot range.
Brian Gell of CBRE represented the tenant. Sam Seiler, Stephen Kenneth Eynon and Edward Goldman–also of CBRE–represented the landlord, Axel Stawski.