Jack Resnick & Sons complete 25,000 s/f of office renewals & expansions at 485 Madison

New York, NY Jack Resnick & Sons have completed three lease agreements totaling 25,000 s/f at 485 Madison Ave., its 25-story office tower located in the heart of Manhattan’s Plaza District.

In the largest of the three transactions, Zuckerman Spaeder LLP signed a direct lease for 14,101 s/f across the entire 10th floor. The boutique law firm previously occupied the space through a sublease.

In addition, commercial real estate investment manager Pembrook Capital Management, LLC signed a 5-year, 8,179 s/f lease renewal to maintain its corporate headquarters on the entire 22nd floor of 485 Madison. 

In a third agreement, Nyca Partners is increasing its footprint in the building by 2,718 s/f as part of a 7-year lease renewal. With the expansion, the leading fintech venture capital firm’s New York City offices will encompass a total of 6,918 s/f on the 17th floor of the building. 

“We are proud to extend our successful working relationships with Zuckerman Spaeder, Pembrook and Nyca,” said Jonathan Resnick, president of Jack Resnick & Sons. “Their decisions to maintain their offices at 485 Madison are a testament to the quality of the building and the services we provide, and the enduring appeal of New York City and the Plaza District for today’s leading finance, investment and legal firms.”

Jack Resnick & Sons was represented in-house in all transactions by Adam Rappaport and Brett Greenberg. Pembrook Capital Management was represented by Corey Borg of Newmark. Zuckerman Spaeder was represented by Joseph Gervino of Avison Young. Asking rents for all three spaces was $65 per s/f.

Built in 1929 and designed by architect J.E.R. Carpenter, 485 Madison Ave. was acquired by Jack Resnick & Sons in 1976. The distinctive 25-story, 305,675 s/f building features a double-height, stone lobby with wrap-around wood panels, and a Henry Moore bronze sculpture. The property has achieved Gold certification under the U.S. Green Building Council’s LEED rating system, as well as WiredScore Gold and EnergyStar certifications. The building is currently home to office tenants such as Signature Bank and Janover.