C&W exclusive on 300,00 s/f National Historic Landmark.Cushman & Wakefield announced that New York Life Insurance Company The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world.[3] has awarded the firm the exclusive leasing agency for 290,000 s/f within 51 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. . The architectural treasure--designated a landmark in 2000 by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Landmarks Preservation Commission--is listed in the National Register of Historic Places This article is about the U.S. Register. For the National Register of Historic Places in Canada see Canadian Register of Historic Places. The National Register of Historic Places as a National Historic Landmark A National Historic Landmark (NHL) is a building, district, site, structure, or object, almost always within the United States, officially recognized by the United States government for its historical significance. . New York Life recently commemorated the building's 75th anniversary in December. Located between 26th and 27th Streets in Midtown South, 51 Madison Avenue is a 925,000 square foot limestone-sheathed structure inspired by the Salisbury Cathedral in England. It rises 40-stories, occupying a full city block adjacent to Madison Square Park, and is topped by a famous six-story golden pinnacle recognized throughout the nation. "Everything about this building expresses New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. class and elegance, while providing a state of the art infrastructure with unparalleled views of Manhattan," said A. Mitti Liebersohn, a Cushman & Wakefield executive vice president involved in leasing the building's available space. "As a corporate headquarters or branch office, this is one of New York City's most distinct locations. And what further enhances the opportunity is that ownership has announced plans for a major capital improvement plan." Paul Glickman, also a Cushman & Wakefield executive vice president, added, "This is a once-in-a-lifetime opportunity for the right tenant or tenants to capitalize on. "We have already received tremendous interest in the available space. "New York Life has made a major, long-term commitment to the building and to New York City, and that commitment extends to prospective tenants, who know that their landlord has a vested interest Vested Interest A financial or personal stake one entity has in an asset, security, or transaction. Notes: For example, if you have a mortgage, your bank has a vested interest on the sale of your house. See also: Right in the property for the long-haul." New York Life will continue to occupy three-quarters of the building. The company was founded in New York City in 1845 and will remain headquartered in the landmark building it has occupied since 1928. Designed by Cass Gilbert, the famed architect who also designed New York's Woolworth Building and the Supreme Court, 51 Madison was completed in December 1928. In the 1860s, the property housed the Grand Roman Hippodrome, P.T. Barnum's circus arena, and later became the site of the original Madison Square Garden Current arenas in the National Hockey League Western Conference Eastern Conference . |
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