Manhattan, NY The Feil Organization signed a long-term,17,570 s/f lease expansion at 488 Madison Ave. with Ring Concierge. Ring Concierge previously occupied 10,661 s/f. This deal brings the 447,000 s/f office tower to over 90% leased.
“The Feil Organization has proven itself as a reliable and forward-thinking owner and operator in the real estate market, as evidenced by providing a strategic and unique solution for Ring Concierge to grow in place at 488 Madison Ave.,” said Mary Ann Tighe of CBRE, who with Alex D’Amario represented Ring Concierge in the lease negotiations, assisted by CBRE’s Preston Cannon and Joel Stephen.
The Feil Organization was represented in-house by Andrew Wiener and Tim Parlante.
“It’s exciting to strengthen our partnership with Ring Concierge and accommodate their growth,” said Andrew Wiener, head of commercial leasing at The Feil Organization.
“This expansion and continued collaboration is a testament to the value 488 Madison provides with its unbeatable location, extensive interior renovations and flexible office spaces designed to foster innovation.”
“We are thrilled to continue our partnership with The Feil Organization,” said Katie Bilodeau at Ring Concierge. “Their combination of personalized service and extensive resources has played a crucial role in our growth. We look forward to many more successful years at 488 Madison.”
Built in 1949, 488 Madison Ave. is located in Midtown Manhattan along 51st and 52nd Sts. 488 Madison overlooks St. Patrick’s Cathedral and features central transportation access and proximity to world-class retailers in the high-traffic shopping district. Major tenants include the Archdiocese of New York, Shawmut Design and Construction and Alvarez & Marsal Property Solutions.
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