Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Marx Realty's 5454 Madison Ave. in Midtown Manhattan is now 100% leased

Investment Advisory Firm Relocates to 545 Madison in Plaza District 

Marx Realty has announced that investment advisory firm Helix Partners Management signed a five-year, 7,000-square-foot lease on the eighth floor of 545 Madison. The firm is relocating from 399 Park Avenue.  

Marx Realty took over the 140,000-square-foot, 18-story office tower in 2019 with occupancy rates at 68%, which increased to almost full capacity. Asking rents now range from $88 to $130 per square foot, with prior rates ranging from $60 to $70 per square foot.  

As part of Marx Realty’s ongoing commitment to the environment, the company is planting three trees in the local community for each lease signed in any of its office properties. Helix Partners was represented by Greg Maurer-Hollaender of CBRE, while a Cushman & Wakefield team led by Tara Stacom represented Marx Realty.  


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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