FedEx has signed a long-term lease for 2,276 square feet of retail space at the newly repositioned 477 Madison Ave. office tower in Midtown, announced Retail by Mona.
“FedEx caters to the needs of the busiest neighborhoods across the city and chose this location not only for the foot traffic and dense office community, but also for the building itself,” said Brandon Singer, CEO of Retail by Mona. “The move from its location a few blocks to the west combined with RFR’s significant investment in the building and its retail spaces signals confidence in the future of the Midtown office market.”
Landlord RFR Realty was represented by a Retail by Mona team led by Singer along with Michael Cody and Sara Armet. FedEx Office was represented by Joshua Strauss and Scott Zinovoy of Newmark. The asking rent was $270 per square foot.
The 24-story, 325,000-square-foot office tower is located at the corner of 51st Street and Madison Avenue, opposite St. Patrick’s Cathedral and within a five-block radius of five subway stations.
