Lee & Associates NYC reps. Lucid in 39th Floor lease at 295 Madison Avenue

New York, NY Lee & Associates NYC has represented Lucid Management and Capital Partners LP (“Lucid”), a specialized fixed income asset management firm, in a 3,900 s/f lease for office space at 295 Madison Ave. Lucid will occupy the entire 39th floor as its global headquarters. Lee & Associates NYC previously represented the firm in 2021 when they moved into this space as a subtenant and have now arranged a direct lease with the building’s ownership.

A Lee & Associates team of Alan Friedman and Woody King represented Lucid in the transaction. The landlord, Eretz Group, was represented by Nick Mok.

“In the heart of the Midtown financial district, 295 Madison Ave. proved to be the perfect location for Lucid Management—providing access to everything they might need and allowing ample square footage for continued growth of their $2.6 billion asset management business,” said Friedman, executive managing director of Lee & Associates NYC. “Following a successful year subleasing this space, the firm can officially call it home.”

Located in the 45-story Lefcourt Colonial Building, 295 Madison Ave. is situated off 41st St. near several major transit hubs including Grand Central Station, as well as the Bryant Park, and Herald Square subway stations.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

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.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Spotlight Content

Non-primary residence surcharge rollout raises questions of fairness, due process and administration - by Peter Blond

Columns and Thought Leadership

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing