The Eretz Group has named Cushman & Wakefield the exclusive leasing agent for 295 Madison Avenue, a Midtown Manhattan boutique office tower located one block from Grand Central Terminal and Bryant Park. The Eretz Group acquired the property last summer from Westbrook Properties and The Minian Group for $213 million.
295 Madison Avenue, which is regarded as one of the Grand Central/Bryant Park area’s premier office buildings, recently underwent a multi-million dollar capital improvement program and repositioning. The renovation included improvements to base building systems, a complete renovation of the lobby, upgraded elevator cabs, the redesign of the exterior retail storefronts along both Madison Avenue and East 41st Street, the installation of more than 2,000 new tilt-in windows throughout the property, and the full renovation of 16 of the 47 floors in the building.
A Cushman & Wakefield office leasing team of William Fressle, Ashlea Aaron, Scott Silverstein and Andrew Braver, along with a retail leasing team of Joanne Podell and Brandon Singer, will serve as exclusive leasing agents.
“295 Madison Avenue offers high-quality Midtown Manhattan office space, with exceptional natural light and magnificent views,” said Fressle, a Cushman & Wakefield Senior Director, in a statement.
The property offers tenants full floor opportunities, with high-end, build-to-suit options. Current availabilities in the building include approximately 40,000 square feet of boutique office space and approximately 19,801 square feet of retail space.
The property features prime retail exposure on the southeast corner of Madison Avenue and retail space facing East 41st Street.
Rendering courtesy of Gensler