CBRE tapped to lease LCOR's new-look 545 Madison retail.LCOR has selected CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. as the broker for 7,080 s/f of retail space at 545 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. . Located in the prestigious Plaza District, 545 Madison Avenue is being stripped to its steel and concrete frame and a new building will be constructed on the site. Building demolition Demolition is the opposite of construction: the tearing-down of buildings and other structures. It contrasts with deconstruction, which is the taking down of a building while carefully preserving valuable elements for re-use. is scheduled for completion this spring, with delivery expected in mid-2008. 545 Madison Avenue features 50 feet of frontage on Madison Avenue and 125 feet along East 55th Street. The building will house a total of 7,080 s/f of retail space, 4,080 on the ground floor. Susan Kurland, CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) executive vice president, will lead the leasing effort. "Susan is an award-winning retail leasing expert whose background and experience are perfectly suited for space of this caliber," said David A. Sigman, senior vice president of LCOR. "She specializes in matching luxury retailers with space in some of the country's most prestigious retail sectors." "This new 'Class A Plus' building will offer prime retail space for one tenant in one of Manhattan's most-coveted shopping districts," explained Kurland, executive vice president of CBRE. "It is the kind of space in a prime Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town location that is in high demand, but in short supply." LCOR expects to release more information on the new building's design, dimensions and amenities in the near future. |
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