Mission Capital Nabs 13K SF Space at 41 Madison Avenue
By Liam La Guerre February 23, 2016 2:51 pm
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Mission Capital Advisors has signed a 10-year lease for 13,558 square feet at 41 Madison Avenue, Commercial Observer has learned.
The financial advisory firm will occupy the entire 35th floor of the 500,000-square-foot property between East 25th and East 26th Streets, which is owned by the Rudin Family. The asking rent in the deal was in the low-$80s per square foot.
Mission Capital is expanding and relocating from an 8,000-square-foot office at another Rudin Family property, 32 Avenue of the Americas between Walker and Lispenard Streets. The company will move into the building at the end of the year.
“We are really excited to relocate to the Madison Square Park submarket,” David Tobin, a principal of Mission Capital, said in prepared remarks. “We have been a Rudin [Management Company] tenant since 2009 and look forward to our continued partnership as well as now occupying an entire floor for our company.”
Robert Steinman of Rudin Management Company, the operating arm of Rudin Family, represented the landlord in-house in the transaction, while Sam Seiler of CBRE represented Mission Capital.
The property at 41 Madison Avenue “will allow them to grow and recruit talent in the dynamic Flatiron District,” William Rudin, chief executive officer of Rudin Management Company, said in a statement.
Mission Capital will be joining a host of other companies when it moves into the Madison Avenue building. The structure is currently 100 percent occupied with tenants such as talent firm Gersh Agency, financial services company Water Island Capital and Italian restaurant A Voce.
