Madison Realty Capital (MRC), a private equity firm focused on real estate debt and equity investment strategies, has relocated its New York City headquarters to a larger and more modern space at 520 Madison Avenue.
MRC secured a 20,000-square-foot lease on the 35th floor of the high-rise office building located on Madison Avenue between 53rd and 54th Streets in the Plaza District of Midtown Manhattan. The company had spent the past 12 years at 825 Third Avenue. The new space will allow the firm to further grow its debt and equity investment operations while also accommodating its increased staffing needs, said Josh Zegen, co-founder and managing principal.
“Our new Manhattan headquarters office marks the latest phase of Madison Realty Capital’s long-term expansion strategy as well as another major milestone for our company,” noted Zegen. “The original MRC headquarters served us well for over a decade but our continuous growth required additional space to accommodate the needs of our business with room for anticipated future expansion. This new larger and modernized facility at 520 Madison Avenue is emblematic of our culture of quality in everything we do and offers the additional room we need to enhance collaboration and efficiency. The thoughtful and vibrant design of our new office balances improved productivity with contemporary aesthetics and the entire MRC team is thrilled to call this our new home.”
A Cushman & Wakefield team comprised of Adam Doneger, Anthony LoPresti, and Ethan Silverstein represented MRC in the negotiations for its new lease at 520 Madison Avenue.
Since its 2004 launch, MRC has grown to over 70 employees, including those based in the firm’s new Los Angeles office which opened in 2018. This latest announcement of the new Manhattan headquarters comes on the heels of the firm’s recent final closing of Madison Realty Capital Debt Fund IV LP, its fourth and largest debt vehicle, which raised a total of $1.136 billion in capital commitments.