Investment managers take space at 41 Madison

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JLL has completed a 6,306 s/f lease for Limekiln Real Estate Investment Management, LP, for the partial 41st floor at 41 Madison Ave. in Manhattan. The tenant is relocating from 386 Park Avenue South.

Limekiln
Real Estate is an alternative investment manager that focuses on financing
solutions in the multifamily sector through direct lending (MF1), high-yield
securities and special situations. 

Located
on Madison Square Park at the nexus of NoMad and the Flatiron District, 41
Madison is a modernist property designed by renowned architects Emery Roth
& Sons. The building is home
to top firms in finance, communications, and talent as well as the New York
Merchandise Mart, the city’s premier tabletop destination and a global center
for the tabletop industry. 

Alexander
Chudnoff, vice chairman, and Kristen Morgan, associate vice president, with JLL represented Limekiln Real Estate in
the transaction. Property owner Rudin Management Company was represented
in-house by vice president Robert Steinman.

“41 Madison offers extraordinary views with direct access
to the city’s most dynamic neighborhoods, featuring abundant amenities
including restaurants, shops and entertainment,” Morgan said. “The space
provides significant flexibility, superior access to mass transit and an
environment ideally suited to attracting and retaining talent.”

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