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125K SF Leased at 437 Madison Ave Last Year
Citizens Bank will fill the entire 18th floor at 437 Madison Ave., taking up 17,750 square feet at the 40-story, 850,000-square-foot tower in the Midtown East area of Manhattan.
“Following a flurry of leasing activity throughout the year, this new transaction for Citizens Bank highlights the special position that our property is in and reflects the ongoing resurgence of Midtown East,” said Michael Lenchner of Sage Realty Corporation, the leasing and management division of building owners the William Kaufman Organization.
Over the last 12 months, Sage Realty has completed 10 leasing transactions totaling 124,900 square feet at 437 Madison Ave. Asking rents range from $80 to $110 per square foot.
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- ◦Lease