NEW YORK CITY—The William Kaufman Organization recently signed leases with four tenants at 437 Madison Ave., its 40-story, 850,000 square-foot office tower. The leases total approximately 30,000 square feet. Asking rents in the building range from $80 to $110 per square foot.
Built in 1967 by WKO, 437 Madison Ave. takes up the full block between E. 49th and E. 50th streets.
The largest of the four transactions is with ACT Commodities, Inc. The financial company, which has been housed in the building since fall 2016, is expanding its current space of 4,800 square feet by more than 8,000 square feet. Under a new 10-year lease, the firm will move to the 17th floor, occupying 12,945 square feet through 2028.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
