Reader's Digest leases on Madison.Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models
Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck) & Wakefield has negotiated on behalf of the Reader's Digest Reader's Digest
U.S.-based monthly magazine. Founded by DeWitt and Lila Wallace, it was first published in 1922 as a digest of articles of topical interest and entertainment value condensed from other periodicals. Association, Inc., a major lease at 260 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. , between 38th and 39th Streets. Reader's Digest has committed to 77,000 square feet of office space at the building. The 15-year lease carries an aggregate value over $30 million.
Reader's Digest, whose global headquarters are located in Pleasantville, NY, had several business units located at both 260 and 261 Madison Avenue. Reader's Digest Association will now consolidate several of its business units into 260 Madison Avenue, occupying the entire fifth, sixth and part of the eleventh In music or music theory an eleventh is the note eleven scale degrees from the root of a chord and also the interval between the root and the eleventh.
Since there are only seven degrees in a diatonic scale the eleventh degree is the same as the subdominant and the interval floors. Reader's Digest will house the editorial and creative groups of its Book and Home Entertainment unit at this location.
Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Mosler, executive director, Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. Konsker, senior director, and David Glassman, director of Cushman & Wakefield, represented Reader's Digest Association in the transaction. "Reader's Digest sought to streamline some of its operational processes," said Bruce Mosler. "We are delighted that we were able to help them achieve their goals."
"This transaction will indeed increase the profitability and bottomline for Reader's Digest Association. The consolidation of space was the logical move for the company and they will certainly reap the benefits," added Konsker.
In October, 1996, 260 Madison was acquired by 260/261 Madison Equities Corp., represented by Zar Realty realty n. a short form of "real estate." (See: real estate)
REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. management Corp. "Prior to closing on the purchase of 260 madison, one of our main objectives was to maintain our relationship with a company of Reader's Digest caliber," said Jeffrey Flanagan, the owner's representative.
Frank T. Chiarello, president of Douglaston, Queens-based WRA WRA Wisconsin Realtors Association (Madison, WI)
WRA War Relocation Authority (US WWII)
WRA Western Reserve Academy (Hudson, Ohio) Properties, Inc., announces that Robert DiNoto, sales associate, has completed the sale of a five-story walk-up apartment building with nine stores located on Zerega Avenue in the Castle Hill section of The Bronx.
The owner, a long-time Bronx operator, originally selected DiNoto from a field of several brokers to exclusively market this property. Prior to DiNoto's strategic marketing procedures, the property languished on the market for almost a year. In less than 30 days, DiNoto secured a purchaser for the property who met the stringent financial requirements of the seller.
The Zerega Avenue property has an annual rent roll of over $375,000 and was sold on a leveraged basis for $1.5 million. DiNoto represented both the seller and purchaser in this transaction. Legal counsel was provided by Peter Rocchio, Esq. of Manhattan for the seller, and John Nickelsberg of Rabine & Nickelsberg for the purchaser.