Cushman & Wakefield represented Crowell & Moring in its space evaluation and lease negotiation. The team was led by executive vice presidents Jonathan Serko, Mitchell Barnett and Mark Minich, and director David Malawer. The ownership, Edward J. Minskoff Equities Inc., was represented in-house by EVP Jeffrey Sussman.
According to Serko, a relocation to 590 Madison Ave. offers the law firm several benefits over comparable alternatives. The building is centrally located, modern and highly efficient, Serko explains. It also immediately accommodates the firm's expansion requirements while allowing the flexibility for future growth.
"For Crowell & Moring, 590 Madison was the most practical and economical option," Serko says. "As corporate tenants move further west to Sixth and Seventh avenues and beyond, Madison Avenue offers a central location in close proximity to clients in a wide range of industries. In addition, the space is already built and furnished, which reduces the typical expenses associated with expansions and relocations."
Built in 1981 for IBM Corp., 590 Madison Ave. is a 43-story office tower totaling more than one million sf. In addition to Crowell & Moring, major tenants in the building include primarily law and financial services firms. As of December, asking rent for the 31st floor was $135 per sf and was $160 per sf for the 39th floor, according to the owner's website.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
