Wells Fargo Relocates Branch to Marx Realty’s 545 Madison
Marx Realty has signed a 10-year retail lease with Wells Fargo to occupy 4,700 square feet of retail space at its 545 Madison Ave. in Midtown’s Plaza District. Marx Realty was represented internally by Henry Henderson, while Wells Fargo was represented by CBRE’s Annette Healey.
“We are excited to see nationally recognized brands like Wells Fargo recommitting to this part of Madison Avenue,” said Craig Deitelzweig, president and CEO of Marx Realty. “It’s especially rewarding to know that the firm chose this location based largely on Marx Realty’s commitment to reimagining the office building at 545 Madison with our signature hotel-like ambiance.”
The financial services giant is relocating its branch from 540 Madison Ave., speaking for most of the ground-floor retail at 545 Madison. Marx Realty announced its $24-million repositioning of 545 Madison earlier this year after taking control of the 18-story office building in 2019.
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!