Steinman of Rudin Management represents landlord in-house in 13,558 s/f lease to Mission Capital Advisors

New York, NY According to the Rudin Family, a financial services company will soon relocate and expand at 41 Madison Ave., a prime location in one of the Flatiron District’s most heavily-trafficked corridors. Mission Capital Advisors, a diversified real estate capital markets solutions firm, has signed a 10-year, 13,558 s/f lease comprising the entire 35^th floor at the 42-story, 500,000 s/f property. Located on the northeast corner of Madison Ave. and 26^th St., the office tower is situated just steps from Madison Square Park, several major subway lines and world-class shopping and restaurants. The firm currently occupies 8,000 s/f of office space at another Rudin building, 32 Avenue of the Americas, and expects to relocate to the property in fourth quarter of 2016. “We are pleased to welcome Mission Capital to our building at 41 Madison Avenue, which will allow them to grow and recruit talent in the dynamic Flatiron District,” said Bill Rudin, co-vice chairman and CEO of Rudin Management Co., the operating arm of Rudin Family holdings. “As our longtime tenant, we are delighted that this elite financial company has chosen to expand and relocate within the Rudin portfolio.” “We are really excited to relocate to the Madison Square Park submarket,” said David Tobin, a principal of Mission Capital. “We have been a Rudin tenant since 2009 and look forward to our continued partnership as well as now occupying an entire floor for our company.” Robert Steinman, vice president at Rudin Management Company, represented the landlord in-house in the long-term transaction, while Sam Seiler, senior vice president at CBRE, represented the tenant. Asking rents were in the low $80s per s/f. Built by the Rudins in the mid-1970s and designed by Emery Roth & Sons, 41 Madison Ave. is long-regarded as a premier property in one of the city’s hottest submarkets. Tenants at the 100% occupied building include the Gersh Agency, Water Island Capital and award-winning restaurant A Voce. According to Steinman, the Rudin Family is currently marketing 42,000 s/f of office space on the 29^th, 37^th and 38^th floors that will be available for long-term lease starting in summer 2016. These virtually column-free floors are each approximately 14,000 square feet. Rudin Management Company, which serves as leasing and managing agent for 41 Madison Ave., is a full service real estate organization managing the interests of the Rudin Family. Among its real estate holdings are 16 office buildings containing approximately 10 million s/f of commercial space and 20 apartment buildings comprising over four million s/f of residences.