Reproductive Medicine Associates of New York (RMA), has signed a lease renewal for 25,779 s/f of space comprising 2.5 floors at 635 Madison Ave.
Daniel Horowitz, executive VP, and Jeffrey Peck, senior managing director of Studley, represented RMA in the lease renewal. The buildings owner, Ashkenazy Acquisition Corp., was represented in-house by Andrew Wexler.
The Studley team of Horowitz, Peck, and Christopher Foerch brokered the lease for RMA's first Brooklyn office in 2011.
"As far as RMA's Manhattan practice, 635 Madison Avenue offered the perfect balance of location, prestige, and quality of ownership," Horowitz said. "Patients know the location, and the tenant saw a tremendous benefit of staying in the space given the tremendous institutional history."
Asking rent for office space at 635 Madison Avenue is in the $90-100 range.
"We're delighted that 635 Madison will continue to serve as RMA's Manhattan home, which has been headquartered here since 2001," Peck said. "RMA of New York delivers the best in compassionate patient care, and having a great Midtown location is part of that entire experience."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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