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Lee NYC Reps Asset Management Firm in Move from Sublease to Full Lease

Lee & Associates NYC represented Lucid Management and Capital Partners LP, a specialized fixed-income asset management firm, in a 3,900-square-foot office lease at 295 Madison Ave. in Midtown. Lucid will occupy the entire 39th floor as its global headquarters.  

Lee NYC previously represented the firm in 2021 when it moved into this space as a subtenant and has now arranged a direct lease with the building’s ownership. The team of Alan Friedman and Woody King represented Lucid. The landlord, Eretz Group, was represented by Nick Mok. 

“Following a successful year subleasing this space, the firm can officially call it home,” said Friedman, executive managing director of Lee NYC.  

295 Madison is situated off 41st Street near several major transit hubs including Grand Central Terminal, as well as the Bryant Park and Herald Square subway stations. 

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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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