Insurer Makes Move to Feil Tower Offering Contiguous Space
The Feil Organization has signed Standard Security Life Insurance Company of New York to a 10-year lease at its 488 Madison Ave. office property. The tenant, which has provided life and disability insurance for close to 65 years, has taken 11,314 square feet on part of the building’s eighth floor.
A longtime occupant of neighboring 485 Madison Ave., Standard Security was looking for a fresh, new installation in the same neighborhood. The company also sought large floorplates so it could expand into contiguous space in the future, said David W. Turino, director of commercial leasing at The Feil Organization.
“488 Madison Avenue’s base floors measure over 27,000 rentable square feet. so future growth can be accommodated all on one floor,” Turino said.
Scott C. Gutnick of Newmark represented the tenant, while Turino represented Feil in-house. Standard Security will take possession of the space on Sept. 1.
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).