(New York, NY – September 18, 2012) – The Moinian Group announces the closing of a 3,750 square-foot lease for The New Republic magazine at 60 Madison Avenue, the 12-story, 220,000 square-foot office building located between West 26th and 27th streets in Manhattan.
Jovani Rampersad, Commercial Leasing Director for The Moinian Group, negotiated the lease on behalf of the owner, while Elie Reis of Rice & Associates, LLC represented the tenant.
The lease signing represents a new executive and editorial office location for The New Republic, which was founded in 1914 and is currently headquartered in Washington, DC. The New Republic provides its readers with an intelligent, stimulating and rigorous examination of American politics, foreign policy and culture.
“Midtown South has always been a magnet for old and new media companies alike, and 60 Madison Avenue was a perfect fit for The New Republic as they sought to expand their presence in the New York market,” said Ms. Rampersad of The Moinian Group.
Located in the heart of New York City’s Design District, the classic Art Deco property features a separate entrance and address at 25 E. 26th Street, directly across from the northeast corner of Madison Square Park. The 12-story office and retail property at 60 Madison offers fantastic space for firms of all sizes. There is new fiber optic direct connectivity, advanced telecommunications, and a full-time attended lobby with 24/7 access. The property also features a freight entrance on East 27th Street and camera surveillance in the elevators and freight hall. Other corporate tenants include Weight Watchers and Strawberry Frog.