Strike! Commodity House Picks LCOR’s Busy Gem
Laura Kusisto Jan. 25, 2011, 10:43 a.m.
545 Madison Avenue
If not a strike, it’s at least a spare for LCOR at 545 Madison.
The glassy Plaza tower has signed Strike Holdings, a commodity trader, for 6,877 square feet, pushing the building past half-full (as The Commercial Observer reported last week).
The investment company has taken the entire 15th floor, including a terrace, for five years.
LCOR, which completely gutted the 18-story building and added a glass shell, has finalized leases with five financial services firms in the past several months, totaling approximately 40,000 square feet. With an influx of investment firms, both asking and taking rents have climbed from around $60 a foot to around $70.
The tenant was repped by Norman Bobrow and Daniel Fiskus of Norman Bobrow & Company. The landlord was repped by CB Richard Ellis‘ Sloane Rhulen and Gregg Rothkin.