First Republic Bank renews Sixth Avenue
January 7, 2014

Lakewood Capital Management

We just learned that Lakewood Capital Management, a subtenant at 650 Madison Ave., has signed one of the first leases completed since the building was purchased last fall for $1.29 billion.

Sources tell us the 7,500- square-foot deal for a loft-like pre-built that comprises the majority of the 25th floor was signed at more than $150 per square foot, a high for the building.

Evan Margolin of Studley represented the company, which has been there since 2009, when it relocated from smaller digs at 509 Madison.

A multi-family office and portfolio management services firm, TAG Associates, now a subtenant of Time Warner, will relocate from 75 Rockefeller Center to 810 Seventh Ave. in the spring.

A Studley team of Daniel O. Horowitz, Jeffrey I. Peck and Joseph Messina represented the tenant.

First Republic Bank renews Sixth Avenue

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