New York & Tri-State + Downtown New York + Retail | January 31, 2023

Italian Design Group Inks Showroom Lease at 99 Madison Ave.

Cushman & Wakefield recently arranged a 19,694-square-foot lease for Boffi|DePadova, a globally renowned Italian design group, at 99 Madison Ave. The tenant will occupy the entire ground floor, mezzanine, second floor and lower level for its flagship showroom.

Cushman & Wakefield’s Andrew Kahn, Fanny Fan and Adrienne Gallus arranged the transaction on behalf of the landlord, Windsor Management, and Boffi|DePadova.

“This is one of the largest new retail leases in the Nomad/Madison Square District, which has experienced leasing velocity up 20% over 2019 levels,” said Kahn. “With this lease, Boffi|DePadova will now have one of the largest showrooms in the NoMad Design District, further solidifying the 10-block neighborhood as one of the most important design districts in the country.”

The 99 Madison Ave. flagship space features 75 feet of frontage on Madison Avenue and 100 feet of frontage on 29th Street.

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Cushman & Wakefield's Kahn

About Paul Bubny

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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