Owner/developer RFR recently signed several new art gallery leases at its 980 Madison Ave. property on the Upper East Side. RFR developed a dedicated art gallery floor at 980 Madison. The firm completely renovated and repositioned its 23,000 s/f third floor for occupancy by a group of art galleries. The art gallery floor leases are as follows: * Yoshii Gallery: Current 3rd floor tenant, Yoshii Gallery is renewing and building a new gallery on the 3rd floor. The new gallery is under construction and Yoshii Gallery is expected to relocate and open soon. * Higher Pictures: New tenant, Higher Pictures is relocating to the 3rd floor from their existing Madison Ave. gallery. The new gallery is under construction and expected to open soon. * Adam Lindenman: New tenant, Adam Lindenman will be designing and building a gallery on the 3rd floor. The gallery will showcase a variety of artists. The gallery is under construction and expected to open soon. "We are excited about our art gallery leasing at 980 Madison Ave. and dedicated to its success," said Oliver Katcher, executive vice president of RFR. "980 Madison has a long and prestigious history in the New York art world, as the original home of auction house Parke-Bernet Galleries, and current home to the Gagosian Gallery. Our third floor Tenants, Yoshii Gallery, Adam Lindenman and Higher Pictures will help extend that out into the future, allowing whole new generations of Art professionals to visit the property," said Katcher. RFR is a privately held full-service Manhattan-based owner/developer with a substantial portfolio of office, residential, retail and hotel properties founded by Aby Rosen and Michael Fuchs. The global real estate firm owns and manages approximately six million square feet of prime office and retail space in Manhattan including premier properties 375 Park Avenue (Seagram Building), 390 Park Avenue (Lever House), 160 Fifth Avenue, 980 Madison Avenue and 17 State Street. RFR controls additional properties on Miami's South Beach, on the Las Vegas strip, in Stamford, Connecticut and in Germany as well as 1,500 luxury residential units in Manhattan. # # #