Rudin, a full-service real estate organization, and one of New York City’s largest private owners, operators and developers of first-class real estate, announced today that it has completed two new leases totaling 22,843 square feet at 355 Lexington Avenue, its boutique office tower in the heart of Midtown Manhattan’s Grand Central district.
ADCO Electrical Corporation, a renowned electrical contractor, finalized a 10-year lease renewal and expansion covering 14,446 square feet across the entire13th floor. ADCO is relocating from its current 8,500-square-foot space on the 17th floor.
In addition, B6 Real Estate Advisors, which specializes in investment sales, capital advisory and special situations for the commercial real estate industry, signed a 5-year lease for an 8,397 square-foot pre-built suite located on the 3rd floor. The brokerage and consulting firm has already relocated its headquarters to 355 Lexington.
“We are thrilled to extend our long-term relationship with ADCO and to welcome B6, which was a perfect fit for our successful pre-built office suite program,” said Michael Rudin, Executive Vice President at Rudin. “Companies at 355 Lexington benefit from the boutique environment we have fostered at the building, as well as its unrivaled access to the New York City subway system, MetroNorth and Long Island Rail Road via the MTA’s newly-completed Grand Central Madison.”
Bill Montana of Savills represented B6. Robert Steinman, Senior Vice President at Rudin, represented building ownership in both transactions.
Designed by Emery Roth & Sons and built in 1959, the 22-story, 270,000 square-foot tower has benefited from multiple upgrades and improvements over the years, earning an Energy Star label for its operating efficiency, as well as WiredScore Gold certification in recognition of its connectivity.
The building also 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.
About Rudin
Rudin is a full-service real estate organization, and one of New York City’s largest private owners, operators and developers of best-in-class real estate. Among its real estate holdings are 16 commercial office buildings containing approximately 10.5 million square feet of space and 17 apartment buildings comprising over four million square feet of residences. For more information about Rudin, please visit https://www.rudin.com/.
