2 Financial Firms Sign on at 437 Madison
April 8, 2010
By: James Comtois

Two financial firms have recently signed leases for office space at 437 Madison Ave. between East 49th and 50th streets, according to building owner William Kaufman Organization and its management arm, Sage Realty Corp. ...

... According to L. Craig Lemle, senior managing director of Studley, who brokered the lease for Cypress, the landlord will build a turnkey installation for the firm with a design provided by Cypress's architect.

Mr. Lemle pointed out that the move to a smaller space is typical for private equity firms when they’re in the selling portion of their cycle. “It’s in the phase of selling portfolio companies, so it doesn’t require as many people on staff as when it is in acquisition mode,” he said. ...

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