LCOR's 545 Madison Avenue is now 93% leased

545 Madison continues its leasing momentum with an additional 6,877 s/f lease signed at the office building. The 17-story building developed by LCOR, a leading real estate company, is now 93% leased. Strike Holdings Group has doubled its size, renewing their 15th floor lease, which was signed in 2010, and expanding their space to include the 16th floor. The firm will now occupy a total of 13,754 s/f at 545 Madison. CBRE's Gregg Rothkin, Paul Milunec, Keith Cody, Robert Kluge and Bob Flippin represented LCOR and Norman Bobrow & Co. represented Strike Holdings Group in the 10-year lease. "Having a tenant such as Strike Holdings Group renew and double their lease at 545 Madison is a great indicator that the real estate and job markets are continuing to strengthen," said David Sigman, executive vice president and principal at LCOR. CBRE's Gregg Rothkin, Paul Milunec, Keith Cody, Robert Kluge and Bob Flippin represented LCOR and Norman Bobrow & Company represented Strike Holdings Group in the 10-year lease. "Strike Holdings Group has always been attracted to the boutique floor plate, quality of installation and 'family' atmosphere at 545 Madison," said Gregg Rothkin, senior vice president at CBRE, Inc. "With the addition of the 16th floor, they have established their 'home' for years to come — a true testament to the ownership and quality of 545 Madison and its ability to attract such tenants." In the past four months, more than 35,800 s/f have been leased in 545 Madison. Recently, Peter B. Cannell signed an 8,802 s/f lease of the 11th floor, while Ogden CAP signed a 27,000 s/f lease, consisting of the fourth, fifth and sixth floors; the largest lease within the building. The entire third floor consisting of about 9,282 s/f is the only available space at 545. 545 Madison tenants have the opportunity to select customizable or pre-built space, along with the benefit of hotel-style amenities. The 140,000 s/f building is located at the corner of 55th Street and Madison Avenue in the Plaza District. Other respected financial companies within 545 Madison include BHR Capital LLC, Cliffwater LLC, RNK Capital, Siemens Enterprise Communications and the Home Shopping Network. Retail tenants include Alfred Dunhill, Oscar Blandi and Officine Panerai. 545 Madison was gut-rehabilitated by LCOR in 2008 to create a world-class building and environmentally friendly property. Recognized as the top office redevelopment project of 2010 by the Greater New York Construction User Council, 545 Madison also holds LEED Gold certification from the U.S. Green Building Council. During the building's transformation, LCOR replaced 545 Madison's existing 1955 façade with glass curtain-wall recladding and installed new electrical and mechanical systems and elevators. The building uses low-emitting building materials, extensive recycled content and renewable power sources, such as wood certified by the Forest Stewardship Council and post-industrial and post-consumer recycled steel, metal, carpeting, aluminum, gypsum board and insulation. 545 Madison also features water-conserving bathrooms and 93 percent sunlight/daylights illumination.