NEW YORK, May 3, 2019 /PRNewswire/ -- Madison Realty Capital (MRC), a private equity firm focused on real estate debt and equity investment strategies, announced it has relocated its New York City headquarters to a larger and more modern space located at 520 Madison Avenue.
MRC secured a new 20,000-square-foot lease on the 35th floor of the high-rise office building located on Madison Avenue between 53rd and 54th Streets in the Plaza District of Midtown Manhattan. The company relocated from its previous Manhattan location at 825 Third Avenue, where it has spent the last 12 years. The move stems from MRC's continual and substantial expansion since launching in 2004 and the new space will allow the firm to further grow its debt and equity investment operations while also accommodating its increased staffing needs.
Josh Zegen, Co-Founder and Managing Principal of MRC, made the announcement.
"Our new Manhattan headquarters office marks the latest phase of Madison Realty Capital's long-term expansion strategy as well as another major milestone for our company," notes Zegen. "The original MRC headquarters served us well for over a decade but our continuous growth required additional space to accommodate the needs of our business with room for anticipated future expansion. This new larger and modernized facility at 520 Madison Avenue is emblematic of our culture of quality in everything we do and offers the additional room we need to enhance collaboration and efficiency. The thoughtful and vibrant design of our new office balances improved productivity with contemporary aesthetics and the entire MRC team is thrilled to call this our new home."
A Cushman Wakefield team comprised of Adam Doneger, Anthony LoPresti, and Ethan Silverstein represented MRC in the negotiations for its new lease at 520 Madison Avenue.
Since its 2004 launch, MRC has grown to over 70 employees, including those based in the firm's new Los Angeles office which opened in 2018. This latest announcement of the new Manhattan headquarters comes on the heels of the firm's recent final closing of Madison Realty Capital Debt Fund IV LP, its fourth and largest debt vehicle, which raised a total of $1.136 billion in capital commitments.
About Madison Realty Capital (MRC)
Madison Realty Capital (MRC) is a New York City-based real estate private equity firm focused on real estate debt and equity investment strategies. Founded in 2004, MRC has invested in excess of $10 billion in the multifamily, retail, office, industrial and hotel sectors. The firm manages investments in the United States on behalf of a global investor base consisting of corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds, family offices, and high net worth individuals. MRC is a fully integrated firm with over 70 employees across all real estate investment, development, and property management disciplines. Debt strategies include construction and acquisition lending, special situation financing and debt acquisitions; equity real estate strategies include opportunistic and value-add investments as well as ground-up development. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders.
SOURCE Madison Realty Capital