Real Estate Company Ogden CAP Renovates 42K-SF Midtown Office – Commercial Observer

real estate sector of Milstein family, Ogden CAP Propertiesmaintains a 42,000 square foot office. 545 Madison Avenuethe commercial observer learned.

Ogden signed a three-year contract for the third through sixth floors of the 18-story building marx real estate Building Extends Lease Through 2027, According Craig Dietlzweig, President and CEO of Marx. Rents for properties between East 54th and East 55th Streets range from $84 to $101 per square foot.

With the largest footprint in a 140,000 square foot building, Ogden CAP Properties owns a vast array of luxury residential properties throughout Manhattan.Ogden first moved It has managed a real estate empire that expanded to just 27,000 square feet in 2012. deceased brother Since then, Seymour and Paul Milstein. It’s unclear when the company expanded to its current footprint.

two milsteins invested Built in the Harlem, Upper West Side, Battery Park building since the 1960s, it has become one of the city’s largest real estate names.Ogden is now run by brothers philip When Constance Milstein.

Ogden’s deal was one of five recently signed on the building, after which Marx took over management in 2019. eviction thor stocks from its ground lease. Marx spent his $10 million to renovate the property, which persuaded some tenants to stay “out in the open,” Deiteltsweig said.

“Existing tenants finalized the expansion based on our strong reputation in the sector and completed construction quickly, even in the face of the global pandemic,” says Deitelzweig.

Among the guests home shopping network(HSN) parent company of Qurate Retail Grouphas signed a two-year extension for the 12,000-square-foot office and filming space on parts of the 17th and 18th floors, Deitelzweig said.

HSN, Qurate Purchased in 2017moved to the tower’s glass penthouse 2009 To market tracksuits, night creams and cosmetics on TV, reported CO.

Other recent deals include: Viart The first New York office requires 8,000 square feet.consultant Cornish Growth Advisors expands slightly from its vicinity 551 Madison Avenue Up to 6,500 square feet at 545 Madison Avenue, Deitelzweig said.

cushman and wakefieldof Tara Staycom, Peter Tribellas, Harry Blair, Justin Royce, Connor Dougstrup, Bianca Di Mauro When Remy Lieberson Brokered all five of Marx’s deals.

CBREof Ramsay Feher Ogden did not have a broker, but represented Qurate. CBRE declined to comment and C&W did not immediately respond to a request for comment.

You can contact Celia Young at: [email protected].

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