Research Firm Expands at 330 Madison Avenue


Research firm Zelman & Associates has nearly doubled its space at Vornado Realty Trust (VNO)‘s 330 Madison Avenue, according to The Wall Street Journal.

The firm has signed a 9,822-square-foot lease on the building’s 34th floor, trading up from its current 5,232-square-foot space on the 20th floor, the Journal reported. Asking rent for the space, which will be built out by Vornado, was $80 per square foot.

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330 Madison Avenue (photo courtesy of CoStar)
330 Madison Avenue (photo courtesy of CoStar)

Zelman was represented by Alex Cohen, a senior director at Cushman & Wakefield (CWK).

Zelman & Associates was founded in 2007 by equity research analyst Ivy Zelman. The firm produces research in the apartment real estate investment trust, building products, homebuilding, home center and single-family rental industries. In addition to its research business, Zelman also offers financial advisory and capital markets services.

Based in New York, the firm also operates offices in Cleveland and Boston.