New York, NY, US, Americas

44 + Mad

Portfolio description

Jones Lang LaSalle (“JLL”) has been exclusively retained by Delv Holdings to identify a purchaser for 346 Madison Avenue and 11 East 44th Street (the “Site,” or the “Development”). The Site is presently improved with two existing office buildings that collectively comprise a 21,269 square foot development assemblage situated on the northwest corner of 44th Street and Madison Avenue in the Greater Midtown East Rezoning District and located one block west of Grand Central Terminal, New York’s preeminent local and regional transit hub.

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Attributes

Building area gross

270,725 sf

Year built

1921

44 + Mad (2 Properties)

Media

Investment Highlights

Rare Opportunity to Acquire Corner Development Site One Block from Grand Central Terminal
Differentiated Size & Scale: 700,000 NRSF Offers Attractive Scale and Boutique Experience
11M SF of Development Coming Online in Manhattan Over Next Five Years; Only 16% of that Product is Between 250K SF and 1M SF