Newmark Grubb Knight Frank (NGKF) announced the lease-up of two-and-a-half floors at 105 Madison Avenue at the corner of 30th Street.
Public relations firm Prosek Partners will relocate from Fifth Avenue, taking the entire seventh floor for a total of 13,350 s/f.
Alok Industries, a global textile manufacturer, leased 17,600 s/f, covering the entire fourth and part of the fifth floors.
The 20-story, Class A building spanning 267,000 s/f is home to HBO, Domain Select and Empire Office Furniture, among others. The property features a classically renovated lobby with high ceilings, along with five passenger elevators.
“This is a pristine and immaculate building that includes tenants from a variety of industries, which is reflective of the vibrancy of the neighborhood,” said Paul Davidson, senior managing director at NGKF, who with Michael Frantz, director, represented ownership.
“The owner loved the idea of welcoming these prime, creative tenants and helped make the space work for them by offering tenant generous improvement packages.”
The office is located in one of Manhattan’s hottest neighborhoods NoMad, named for its location north of Madison Square Park.
The area boasts high-end boutique hotels such as the Ace Hotel and the NoMad hotel, and several luxury condominiums are under construction. A Fairway supermarket is slated to open soon in the neighborhood.
“It is singularly Manhattan’s hottest, newest neighborhood and everyone wants to be there,” said Davidson. “It is no surprise the interest we received for 105 Madison Avenue given its location.”
DTZ’s Joe Weinberg represented Prosek Partners in its deal. Barry Bernstein from EVO, with Scott Bloom from Bloom Real Estate, represented Alok Industries.
