Univision Renews, Expands at 485 Madison Avenue, Now Fully Occupied

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Univision renewed a long-term lease and expanded by 5,500 square feet at 485 Madison Avenue, giving the broadcaster a 21,234-square-foot presence there and pushing the building to 100-percent occupancy.

America’s largest Spanish-language radio company now leases the entire third floor and part of the second floor of the Jack Resnick & Sons-owned building on Madison Avenue at 52nd Street. Dennis P. Brady and Fran Delgorio represented Jack Resnick & Sons in-house. Michael Gottlieb and Martin Cottingham of Avison Young represented the tenant. img11 Univision Renews, Expands at 485 Madison Avenue, Now Fully OccupiedMr. Brady and Ms. Delgorio have led a leasing campaign at the 25-story, 300,00-square foot building, which previously served as CBS headquarters and the transmission point of Orson Wells’ famous “War of the Worlds” broadcast.

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Independent public relations firm Robert Marston and Associates Inc., financial services consultant S.D. Daniels & Co. and law firm Klein Zelman Rothermel LLP are among the other tenants who signed there in recent months, for asking rents of $55 per square foot.

Mr. Brady attributed 485 Madison’s success to recent upgrades that brought energy-efficient windows and central air conditioning as well as modernized elevators. “The lease-up is a testament to our ambitious building-wide capital improvement program, which has helped attract new tenants and retain old ones as well,” he said in a prepared statement.

Univision has had radio stations and marketing divisions in the building since 1995. Avison Young and Jack Resnick & Sons did not respond to immediate requests for comment.