CBS renews Madison Sq. Park lease to stay in present workplace area

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CBS has renewed 164,000 sq. toes at 28 E. 28th St. simply north of Madison Sq. Park.

The previous New York Life constructing was beforehand identified by its 63 Madison Ave. handle.

CBS was represented by Mark Boisi, Bryan Boisi and Richard Bernstein of Cushman & Wakefield within the 15-year deal that had an asking hire within the low-$90s per sq. foot. The area contains the eighth by way of tenth flooring plus some in a sub-concourse.

The possession enterprise of George Consolation & Sons, together with Jamestown Properties and Loeb Companions Actual Property, have been represented in-house by Peter S. Duncan, Matt Coudert and Alex Bermingham.

The 15-story tower was lately renovated with an eye fixed on tech tenants. Final fall, the Actual Deal reported Fb was absorbing all of it, placing the brakes on different offers. It handed and CBS signed, however 218,000 sq. toes remains to be obtainable on the highest 5 flooring, together with the 13th. This block has asking rents from the low-$90s to low-$100s per sq. foot.


Rich noodle lovers could make a bid for the East Village constructing that homes David Chang ’s flagship Momofuku and a smaller constructing subsequent door.

The mother and son workforce of Adelaide and Trystan Polsinelli of Compass are advertising the 2 properties between East 10th and 11th streets.

For roughly 16 years, Chang has been a tenant on the cast-iron constructing at 171 First Ave., the place he signed a 10-year renewal in 2015.

The adjoining three-story 169 First Ave. can be on the market, with an eyewear retailer tenant, a 60-square-foot backyard, a free-market duplex residence and air rights to plump all of it up.

The asking worth for each is $17 million, however the Polsinellis will promote them alone or collectively


The bespoke high-end protected retailer Traum Protected is shifting south on Madison Avenue.

Firm President Sheela Murthy has signed a direct deal to maneuver to 2,611 sq. toes at 809 Madison Ave. on the southeast nook of East 68th Avenue.

The house-grown firm, which provides custom-made safes around the globe, has been positioned at 1078 Madison for greater than 20 years. Murthy was on the verge of relocating elsewhere when she received interested in rents alongside the posh blocks of Madison — and known as Brad Siderow of the Siderow Group.

Siderow knew the corporate nicely and, together with colleague Matt Leto, quickly structured a multiyear cope with a renewal possibility on behalf of the Parkoff Group, now led by Adam Parkoff.

“Her purchasers who purchase the million-dollar ring at Graff, the posh watches and Beretta shotguns are the purchasers for her safes,” he stated, mentioning a few of the space outlets.

Working with clients, designers and designers, Traum creates vault rooms, protected interiors and exteriors of lacquer, fantastic wooden and recycled leather-based that may embody superior watch winders, purse cabinets, coin compartments and hooks for lengthy chains.

The brand new store has 1,411 sq. toes on the bottom and one other 1,200 sq. toes on the decrease degree, which is served by a freight elevator preferrred for heavy cargo.

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