News: Brokerage

Spiegel of Rose Associates secures 3,428 s/f lease to TD Bank at 5 East 22nd Street

Rose Associates, the New York-based full service real estate firm, has signed a 15-year lease with TD Bank, N.A. for 3,428 s/f at Madison Green, a building located at 5 East 22nd St. on the southeast corner of Broadway and 23rd St. The space includes 150 ft. of frontage on Broadway and 23rd St., and is adjacent to the N/R subway. TD Bank, which is expected to open in the summer of 2014, will join area retailers that include Restoration Hardware, Brooks Brothers, Eataly and Shake Shack. Bruce Spiegel, senior managing director for Rose, represented the property owner in the transaction. Christian Stanton and Joanne Podell of Cushman Wakefield represented TD Bank. "This is a highly sought after street-level space in the heart of the Flatiron," said Spiegel. "TD Bank will have great exposure on this busy corner, and they'll see steady traffic from tourists, residents and professionals." Rose developed Madison Green 25 years ago, and handles leasing of the building's retail and garage space. TD Bank will join other national retailers at the property, including LensCrafters, Papyrus and FedEx.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their