Hoffman, Jr. and Williams of Cassidy Turley negotiate 3 leases for 63,382 s/f; Trepp, Bankrate, and Elara Capital at 477 Madison Avenue

Cassidy Turley, one of the leading commercial real estate service providers in the U.S., negotiated three leases with current tenants at 477 Madison Ave., totaling 63,382 s/f for Trepp, LLC, Bankrate, Inc., and Elara Capital PLC. David Hoffman, Jr., executive managing director, principal, and Whitnee Williams, associate vice president, of Cassidy Turley represented owner JAB Madison Associates in all three transactions. The Trepp and Elara leases were direct transactions, and Dave Armento, CEO of Atlanta-based New Dominion, represented Bankrate. Trepp, LLC, one of the leading providers of information, analytics and technology to the CMBS, commercial real estate and banking markets, leased an additional 6,384 s/f on the second floor, bringing its total office space to 40,489 s/f, and extended its lease term for five years. Bankrate, Inc., one of the web's leading aggregator of financial rate information, expanded its existing space by 5,178 s/f and now occupies the entire 18,763 s/f fourth floor at 477 Madison Avenue. Elara Capital PLC, a full scale investment bank catering to the funding needs of growth-hungry Indian mid-market companies, renewed its 4,130 s/f lease on the second floor. "Obviously, it's a terrific vote of confidence in the building when three important tenants elect to renew, expand or both, especially when there are so many competitive options out there," Hoffman said. "We are thrilled Trepp, Bankrate and Elara are prospering at 477 Madison Avenue." "With continued growth in our market segments this past year, Trepp will be served well with the acquisition of additional office space in our Madison Ave. offices," said Annemarie DiCola, CEO of Trepp. "The additional square footage strengthens our presence in a location that is conveniently located near a high concentration of our clients."