Asset Manager Lucid Keeps Midtown Headquarters
Asset manager Lucid Management and Capital Partners has inked a deal to keep its 3,900-square-foot headquarters at 295 Madison Avenue in Midtown, Commercial Observer has learned.
Lucid moved to a direct lease with landlord The Eretz Group for the entire 39th floor of the 47-story building, after subleasing the space last spring from software firm CloudSense, according to tenant broker Lee & Associates NYC. A spokesperson for Lee declined to disclose the terms of the deal.
“[This building] proved to be the perfect location for Lucid Management — providing access to everything they might need and allowing ample square footage for continued growth of their $2.6 billion asset management business,” Lee’s Alan Friedman, who represented the tenant with Woody King, said in a statement.
The landlord was represented in-house via Nicholas Mok. CloudSense, Lucid, Eretz and Mok officials did not immediately respond to requests for comment.
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