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GKM Takes Four Floors at 360 Madison

NEW YORK CITY-Availability may be increasing, but another big piece of office space is officially off the market. The Kipp/Stawski Group, owners of 360 Madison Ave., has added GKM to their tenant roster.

By Betsy Kraat | Updated on April 16, 2001

NEW YORK CITY-Gerard Klauer Madison, an equity research and investment banking firm, has taken 83,900 sf on floors three, four, five and ten at 360 Madison. The 25-story, 360,000-sf office building designed by Richard Cook & Associates is scheduled for completion in nine months. This transaction brings 360 Madison’s total occupancy to 64%, including the CPA firm of David Berdon & Co. and the Screen Actors Guild. GKM, which signed a 15-year lease, was formerly headquartered at 529 Fifth Ave. and where it had approximately 50,000 sf.

Manny Gerard, chairman of GKM, cited proximity to Grand Central Station and a high-quality telecommunications infrastructure as primary reasons for the firm’s choice of 360 Madison. “We have been constantly monitoring the market for the right opportunity,” says John Maher, senior VP of CB Richard Ellis, “and 360 Madison fit all GKM’s requirements for economics, quality, size, timing and location.” Cushman & Wakefield is the exclusive leasing agent for the building. CB Richard Ellis negotiated for the tenant.

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