Clayton Dubilier & Rice Signs Lease For 144k Sq Ft Office At 550 Madison Avenue

The Olayan Group has leased a 144,000 square foot office space at 550 Madison Avenue in New York City. The space is currently undergoing a $1.4 billion renovation to accommodate the new tenant, Clayton Dubilier & Rice. The office will feature terrace space and a private entrance on 55th Street, and it is expected to consolidate Clayton Dubilier & Rice's New York operations, replacing their three current offices. The move is part of the company's growth plans as they aim to expand globally.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Lease
• Address: 550 Madison Avenue, New York City
• Market: New York City
• Square Footage: 144,000

In this transaction, the Olayan Group serves as the landlord, while Clayton Dubilier & Rice is the tenant. The landlord is represented by Ben Shapiro and Andrew Sachs of Newmark, while Mary Ann Tighe, Evan Fiddle, Arkady Smolyansky, Alice Fair, Scott Gottlieb, and Ben Joseph of CBRE represent the tenant.