Press Release, 2009-07-14
by Colliers ABR, Inc.
New York, NY
Two Financial Services Firms Relocate in Midtown
NEW YORK, July 13, 2009- Colliers ABR, Inc. a leading full service commercial real estate services firm, announced today that Wyper Capital Management and CRG Partners will relocate to 477 Madison Avenue.
In the first transaction, Wyper Capital Management, a private investment management company signed a three year lease for 5,659 square feet of pre-built space on a portion of the 5th floor.
In the second transaction, CRG Partners, a leading provider of financial restructuring and operational improvement signed a seven year lease for 7,947 square feet of space that is presently demolished. The landlord will construct three pre-built units on the entire 16,000 sf 12th floor, one of which will be occupied by CRG Partners.
“We are extremely pleased to have attracted Wyper Capital Management and CRG Partners to 477 Madison Avenue,” said David L. Hoffman, Jr., Executive Managing Director/Principal at Colliers ABR. “These transactions validate the landlord’s commitment to building highly functional, premium office suites on spec. 477 Madison Avenue’s pre-built program continues to be a great success.”
Mr. Hoffman and Wendy Miller at Colliers ABR along with Shira Nadich Levin, Esq. at Cooley, Godward & Kronish, LLP represented the landlord, J.A.B. Madison Associates. Lindsay Orenstein of Centric Real Estate Advisors represented Wyper Capital Management. Ruth Colp-Haber, of Wharton Property Advisors represented CRG Partners.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 12,700 employees span the world in 294 offices in 61 countries. On a worldwide basis, Colliers manages 1.1 billion square feet, and has revenue of $US 1.6 billion.
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