Marx Realty has signed a 10-year retail lease with Wells Fargo to occupy 4,700 square feet of retail space at its 545 Madison Ave. in Midtown’s Plaza District. Marx Realty was represented internally by Henry Henderson, while Wells Fargo was represented by CBRE’s Annette Healey.
“We are excited to see nationally recognized brands like Wells Fargo recommitting to this part of Madison Avenue,” said Craig Deitelzweig, president and CEO of Marx Realty. “It’s especially rewarding to know that the firm chose this location based largely on Marx Realty’s commitment to reimagining the office building at 545 Madison with our signature hotel-like ambiance.”
The financial services giant is relocating its branch from 540 Madison Ave., speaking for most of the ground-floor retail at 545 Madison. Marx Realty announced its $24-million repositioning of 545 Madison earlier this year after taking control of the 18-story office building in 2019.
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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