Private equity firm Madison International Realty signed a 12-year lease with Tishman Speyer for 25,000 square feet at 300 Park Ave. Madison is relocating from 410 Park Ave., where it occupies 14,000 square feet.
The expanded space will accommodate company growth and adherence to social distancing guidelines, said Ronald Dickerman, Madison founder and president. The firm plans to relocate in mid-2021.
“Madison is committed to New York and believes in the future of the city,” said Dickerman. “Given our growth, we had been scouting for a new location with additional space even before the pandemic.”
Tishman Speyer senior managing director Chris Shehadeh said, “We are happy that we could accommodate Madison’s evolving space needs and their desire to maintain their presence in one of Midtown’s most prestigious business districts.”
CBRE’s Howard Fiddle and Evan Fiddle represented Madison International Realty. Tishman Speyer was represented in-house by Gregory Conen and Samantha Augarten.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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