Japanese trading company Sumitomo Corporation of America has signed an 11-year, 98,454-square-foot sublease deal for the entire third and fourth floors at 300 Madison Avenue.
The tenant will relocate from its 74,000-square-foot space at 600 Third Avenue in November. SCOA’s new space at the Brookfield Office Properties’ building is being subleased from CIBC.
“SCOA currently occupies seven floors at 600 Third Avenue and they wanted to be on two contiguous floors,” said Marc Shapses, executive managing director at Studley, who represented the tenant, in a prepared statement. “In addition, they wanted to be near Grand Central in a newly constructed building with great value.”
Sumitomo Inks 100K Sublease at 300 Madison
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