Emodo Lease Caps Busy Year at Moinian’s 72 Fifth Ave.
With the completion of a new transaction with educational technology company Emodo, The Moinian Group has leased 38,000 square feet of space in the past year at its 72 Fifth Ave. property, with seven tenants each signing full-floor leases. The total activity accounts for approximately 64% of all leasable space in the 12-story loft office property in Midtown South.
“We made the strategic decision to offer built and furnished space at 72 Madison Ave. to smaller space users even as the office sector at large is still finding its footing,” said Ted Koltis, EVP of commercial leasing for The Moinian Group.
Koltis added that the Colliers agency leasing team of Christel Engel, Robert Ptacek, and Franklin Wallach continues to see strong activity for the only two floors available at 72 Madison.
Cushman & Wakefield’s Daniel R. Organ and Ryan McMahon represented Emodo in its 5,354-square-foot lease.
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. 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 15-20 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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