News: Brokerage

Steinman of Rudin leases 13,394 s/f office space to Kensington Vanguard

Manhattan, NY Rudin, has finalized a new lease with Kensington Vanguard National Land Services at 41 Madison Ave., its renovated office tower in Midtown South’s Flatiron District.

A subsidiary of Truist Bank, Kensington Vanguard will create its new New York City headquarters in 13,394 s/f spanning the entire 21st floor of 41 Madison. The national title insurance agency will relocate from its current offices at 39 West 37th St. during the second quarter of 2024 as part of a 10-year lease.

Kensington Vanguard was represented by Howard Hirsch and Brett Harvey of JLL, while Rudin was represented in-house by senior vice president, Robert Steinman.

Rudin recently completed a transformation of the 42-story, 560,000 s/f modern glass and steel tower, which overlooks Madison Square Park. The large-scale renovation included enhancements to 41 Madison’s lobby, lounge, and an event and conference space designed by Skidmore, Owings & Merrill.

The reimagined lobby features marble flooring, pearlescent glass wall panels and a luminous ceiling lit by energy-efficient LEDs, which complement the original Travertine wall panels that remain on the elevator cores. The building also now features an elegant glass entrance, a new reception area and redesigned elevator cabs.

All tenants at 41 Madison have access to a meeting and event venue managed by Arch Amenities Group that redefines the office workspace and offers customized and serviced events.

“41 Madison continues to attract top-tier creative and financial firms that are fueled by their highly talented and collaborative workforces,” said Michael Rudin, executive vice president of Rudin. “The comprehensive redesign we undertook includes the type of programming and amenities that create the ideal environment for firms like Kensington Vanguard.”

Designed by Emery Roth & Sons and opened in 1974, 41 Madison is also home to Welcome Homes, Deborah Berke Partners, The Gersh Agency, Water Island Capital and The Henry Luce Foundation. Mark’s Off Madison, a restaurant and bakery from renowned celebrity chef Mark Strausman, the creator of Fred’s at Barneys New York, operates out of a street-level location at the building.

41 Madison is WiredScore Platinum and utilizes Nantum OS, the world’s most advanced building operating system. Nantum OS is the flagship product of Prescriptive Data, a privately held smart building automation company focused on using artificial intelligence to improve efficiency, decrease carbon emissions and optimize tenant comfort.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.