GE Capital Leases 43000 Square Feet At 285 Madison Ave New York From FRF Realty

The property located at 285 Madison Ave, New York, NY, 10017, spans a total of 43,000 square feet. The lease was secured at a rate in the low-$70 per square foot range, representing a significant commitment by the tenant.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 285 Madison Ave, New York, NY, 10017
• Market: New York
• Square Feet: 43,000
• Tenant: GE Capital
• Landlord: FRF Realty
• Tenant's Representative: Frederick Fackelmayer (CBRE)
• Landlord's Representatives: Alexander Chudnoff, Mitchell Konsker, Dan Turkewitz (JLL)

GE Capital entered into a 16-year lease agreement, indicating a long-term investment in the property. The tenant was represented by a team from CBRE, which included Frederick Fackelmayer, Sinclair Li, Sacha Zarba, and Ryan Alexander, while the landlord's representation came from JLL.