Rudin secures two lease extensions at 41 Madison totaling 21,076 s/f

Manhattan, NY Rudin has signed lease renewals with Reavis Page Jump LLP (RPJ) and Polar Asset Management Partners, Inc., the latter of which will also expand its footprint at 41 Madison Ave. in the heart of Midtown South’s Flatiron District.

Toronto-based global alternative asset manager Polar Asset Management Partners, Inc. is growing its presence at the building from 9,848 s/f across two floors to 13,357 s/f across the entire 33^rd floor. The firm, which has been at 41 Madison since 2021, extended its lease by 11 years and will move into its new 33^rd floor space later this year.

Additionally, New York City-based, full-service, boutique law firm RPJ signed a 10-year lease extension for its current 7,719 s/f space on a portion of the building’s 41^st floor.

Opened in 1974, Rudin recently completed a transformation of the 42-story, 560,000 s/f modern glass and steel tower overlooking Madison Square Park. Tenants and their guests are welcomed into an expanded and fully redesigned lobby and lounge filled with air and light.  On the lower level, 41 Madison now features a 7,000 s/f conference space featuring best-in-class technology, five-star hospitality services and gourmet culinary offerings. The new meeting and event venue redefines the office workspace and offers customized and serviced events.

“These commitments further cement 41 Madison as a prime destination for top-tier companies,” said Robert Steinman, senior vice president of office leasing at Rudin. “As long-term stewards of a Class A portfolio of New York City office properties, Rudin takes great pride in our ability to cultivate enduring partnerships with our tenants. We look forward to continuing our relationship with Polar Asset Management and RPJ for years to come.”

41 Madison is WiredScore Platinum and utilizes Nantum AI, the world’s most advanced building operating system. Nantum AI focuses on using artificial intelligence to improve efficiency, decrease carbon emissions and optimize tenant comfort.

Other notable tenants at 41 Madison include BrightTower, SharkNinja, Kensington Vanguard, TenBerke, The Gersh Agency, and The Henry Luce Foundation. Mark’s Off Madison, a restaurant and bakery from renowned celebrity chef Mark Strausman, the creator of Fred’s at Barneys New York, operates out of a street-level location.

Robert Steinman, senior vice president of Rudin, represented building ownership. Polar was represented by CBRE’s Brad Needleman. RPJ was represented by Jeffrey Peck, Daniel Horowitz and Skyler Celotto of Savills.