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Marx Realty Opens Leonard Lounge for 545 Madison Ave. Tenants

Marx Realty, a New York-based owner, developer and manager of office, retail, and multifamily properties across the United States, completed the Leonard Lounge, an indoor/outdoor lounge space on the eighth floor of the recently repositioned 545 Madison.

Named for company founder Leonard Marx, the 7,000-square-foot lounge includes a café, a 2,000-square-foot landscaped terrace and a 40-seat boardroom. The Leonard Lounge completes the $24-million hospitality-infused repositioning at the Plaza District tower in Manhattan.

“Our vision for the Leonard Lounge was always to design something unique and memorable,” said Craig Deitelzweig, president and CEO of Marx Realty. “We’ve created a truly inviting sensory experience that has been key to maintaining and attracting new tenants. It’s the embodiment of our signature hospitality-infused approach across our portfolio.”


Inside The Story

Marx Realty

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 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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