World Economic Forum USA Signs 39,032 SF Lease at RFR’s 350 Madison Avenue
- Mar 03, 2016
By Anca Gagiuc, Associate Editor
350 Madison Avenue is a 400,000-square-foot office building located between East 44th and East 45th Streets. Alexander Chudnoff and Mitchell Konsker of JLL represented the landlord in the lease; JLL also represents RFR’s New York office portfolio. RFR senior vice president and director of leasing AJ Camhi was also part of the leasing team representing RFR.
“It’s a pleasure to welcome such an illustrious tenant to 350 Madison Avenue,” said Alexander Chudnoff, “This asset’s repositioning has yielded great results and helped to make a transaction such as this lease with the World Economic Forum USA possible. We’re confident this momentum will continue, as tenants tour the building and understand its location and attributes.”
The World Economic Forum USA is the North American affiliate of the World Economic Forum, an international organization for public-private cooperation headquartered in Geneva, Switzerland. The US organization will be relocating from its 25,000-square-foot offices at Cohen Brothers Realty Corporation situated at 3 East 54th St. between Madison and Fifth Avenues.
RFR purchased the 25-story building in 2013. The landlord has since renovated the building including the redesign of its two story, sky-lit lobby, new creative interior landscaping, a rotating museum-quality art program currently exhibiting paintings by David Salle and prints by Andy Warhol, and a coffee bar and convenience stand. The exterior has also been upgraded with a new two-story storefront and entry canopy.
Recent leasing activity in the building includes the addition of tenants HL Group (13,115 square feet); Alkeon Capital (23,406 square feet); Bank Leumi USA (58,548 square feet); Braemar Energy and Beacon Light Capital, both of which signed for 7,178 square feet; and Certares Management Corp., (8,304 square feet).