News: Spotlight Content

Cohen of Newmark acts for Marciano Investment Group in 6,035 s/f; Jones Lang LaSalle acts for tenant, QlikTech

According to asset manager Herald Square Properties, (HSP) QlikTech, a business intelligence software provider has taken 6,035 s/f at 292 Madison Ave. Newmark Grubb Knight Frank's William Cohen, executive vice president and principal, represented the landlord, Marciano Investment Group. The tenant's broker was Jones Lang LaSalle. "QlikTech is the second technology tenant to choose our pre-built program from renderings and blueprints," said HSP principal Michael Reid. "These plans not only speak to the needs and aesthetic criteria of technology companies, they are a direct reflection of the new owners' vision to bring a quality asset to a new level of efficiency and service," said Reid. The newest long-term lease is for the third full-floor office in the pre-built program. Construction is anticipated to be completed before fall. Two other pre-built offices were leased by Fifty-one Global E-Commerce earlier this year. Located on the fifth and 17th floors, they total 17,148 s/f. In addition, plans are being made to begin construction on three more full-floor pre-built offices, on the 11th, 12th and 15th floor. According to Reid, "Commensurate with repositioning the building to meet the needs of tenants today, we have implemented comprehensive capital improvements and multi-million dollar cosmetic renovations." Designed by the award-winning Mufson Partnership, the pre-built offices feature open floor plans with clean lines, modern design elements, contemporary layouts and oversized windows that accentuate the natural light along two unobstructed corners. In addition, the common areas in the 26-story office building, including the lobby, have been completely renovated, and plans are in the design stage for the revitalization of the entire ground-level retail situated along the southwest corner of Madison Avenue and 41st Street.
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