Cushman & Wakefield announced today that Eretz Group has appointed the firm as exclusive leasing agent for 295 Madison Avenue, a Midtown Manhattan boutique office tower located one block from Grand Central Terminal and Bryant Park.
“Eretz Group is a family owned real estate investment firm. Management of our portfolio is in-house; we are fully committed to servicing our properties and forming and maintaining active relationships with all of our tenants. Since acquiring 295 Madison Avenue, we have received a considerable amount of positive feedback and look forward to sustaining this momentum alongside the Cushman & Wakefield team,” said Nicholas Mok, Director of Leasing and Acquisitions.
295 Madison Avenue, which is regarded as one of the Grand Central/Bryant Park area’s premier office buildings, recently underwent a multi-million dollar capital improvement program and repositioning. The renovation included improvements to base building systems, a complete renovation of the lobby, upgraded elevator cabs, the redesign of the exterior retail storefronts along both Madison Avenue and East 41st Street, the installation of more than 2,000 new tilt-in windows throughout the property, and the full renovation of 16 of the 47 floors in the building.
A Cushman & Wakefield office leasing team of William Fressle, Ashlea Aaron, Scott Silverstein and Andrew Braver, along with a retail leasing team of Joanne Podell and Brandon Singer, will serve as exclusive leasing agents.
“295 Madison Avenue offers high-quality Midtown Manhattan office space, with exceptional natural light and magnificent views,” said Fressle, a Cushman & Wakefield Senior Director. “The building is conveniently located steps from one of Manhattan’s main transportation hubs in Grand Central Terminal, as well as major subway lines. We look forward to working with ownership on this premier boutique office tower.”
The property offers tenants full floor opportunities, with high-end, build-to-suit options. Current availabilities in the building include approximately 40,000 square feet of boutique office space and approximately 19,801 square feet of retail space.
The property features prime retail exposure on the southeast corner of Madison Avenue and retail space facing East 41st Street.