Concertiv Leases 11,000 Square Feet Office Space From PGIM Real Estate At 180 Madison Avenue

The property asset involved in this lease transaction is located at 180 Madison Avenue in the Murray Hill market. It features an office space comprising 11,000 square feet and is leased at an asking rent of $70 per square foot for a term of five years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $70/ft
• Square Footage: 11,000
• Lease Term: five-year lease
• Landlord: Raimondo Amabile & Cathy Marcus - PGIM Real Estate
• Tenant: Concertiv
• Landlord's Representative: Eric Cagner, Jonathan Fanuzzi & Matthew Leon - Newmark
• Tenant's Representative: Alex Redlus, James Wenk & Kirill Azovtsev - Savills

This deal marks the relocation of Concertiv's NYC office from Chelsea to Murray Hill, showcasing the strategic move within the city. The landlord's representatives from Newmark played a crucial role, while Savills represented the tenant in the negotiation process.