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Private Equity Firm Signs Full-Floor Lease at Marx Realty’s 545 Madison

Niobrara Capital, a private equity firm focused on investing in technology and technology-enabled services businesses, has signed an 11,000-square-foot lease for the entire ninth floor at Marx Realty’s 545 Madison, located in Midtown Manhattan’s Plaza District. The property is also known as the Baccarat Building following Marx Realty’s office co-branding partnership with lifestyle house Baccarat.

“The continued leasing momentum at 545 Madison speaks to the power of pairing this exceptional Plaza District address with a truly differentiated hospitality-infused experience,” said Craig Deitelzweig, president and CEO of Marx Realty. “The building’s warm, club-like sensibility, refined design and unmistakable Baccarat touches continue to resonate with premier firms looking for a workplace that feels elevated, elegant and distinctive.”

A Newmark team led by CJ Heitner and John Cilmi represented Niobrara Capital. Marx Realty was represented by Tara Stacom, Peter Trivelas, Harry Blair, and Remy Leibersohn of Cushman & Wakefield.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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