437 Madison Ave./ Photo by Jon Ortner
NEW YORK CITY—ACT Commodities has expanded to occupy the full 17th floor at 437 Madison Ave., the William Kaufman Organization's 40-story office tower in the Plaza District. The commodities trader and private equity firm is adding 4,805 square feet to its office space occupying a total of 17,750 square feet in a 10-year deal. The asking rent was in the high $80s per square foot.
ACT's expansion follows the William Kaufman Organization's recent $60 million capital improvement program at the 850,000-square-foot trophy building. The renovations included a redesigned lobby and arcade, new plaza, renovated elevators, upgraded building systems and an outdoor lounge that provides a view of St. Patrick's Cathedral.
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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.
