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Marx Realty has secured a new long-term tenant at 545 Madison, with Patricof Co committing to a 10-year office lease at the Plaza District property. The specialized investment and advisory platform, which focuses on serving professional athletes, will occupy the entire 16th floor, totaling 7,500 square feet.
The transaction brings a full-floor tenant to the building and reflects ongoing demand from advisory and financial services users for branded space in high-profile office addresses. Patricof Co’s new premises at 545 Madison give the firm a dedicated floorplate, positioning it to consolidate operations and host clients in a single, identifiable location within the Plaza District.
Marx Realty’s president and CEO, Craig Deitelzweig, noted that Patricof Co’s decision to relocate to 545 Madison aligns with the type of companies the building is attracting. He pointed to the property’s distinctive design and curated environment as key factors drawing tenants, describing an “elevated ecosystem” that blends hospitality-inspired elements with a sense of “sophisticated warmth.” According to Deitelzweig, those design choices are resonating with top-tier firms and playing a direct role in recent leasing momentum.
He added that Marx Realty is pleased to welcome Patricof Co to the building as the firm grows into its new space. The full-floor lease underscores ownership’s focus on offering a differentiated, service-forward office setting aimed at users that prioritize both brand expression and client experience within their workplace.
On the tenant side, Patricof Co was represented in the lease negotiations by Chase Gordon and Luke Dillmeier of Transwestern. Marx Realty’s interests at 545 Madison were represented by a Cushman & Wakefield team comprising Tara Stacom, Peter Trivelas, Harry Blair, and Remy Leibersohn. The parties did not disclose rental terms, and details such as starting rent, concessions, or escalation structures were not made public.
The Patricof Co lease adds to the roster of professional services firms opting for floors in design-forward, amenity-conscious buildings within the Plaza District, highlighting how ownership-led repositioning and a hospitality-infused approach can help differentiate office product in a competitive leasing environment.
The post Patricof Co Signs 10-Year Full-Floor Lease at Marx Realty’s 545 Madison in Plaza District appeared first on CRE Market Beat.
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