Medallion Financial Corp. moving to 667 Madison – Business News
Taxi industry mogul Andrew Murstein hailed a journey to Leonard Stern’s 667 Madison Ave., becoming a member of an array of elite tenants on the boutique workplace tower.
Murstein, whose household was a prime mover behind the town’s yellow cab industry, signed an 11-year lease to transfer his Medallion Financial Corp. from 437 Madison. The new space at 667 Madison has about 9,000 sq. ft. Asking rents within the 267,000 square-foot property owned by Stern’s Hartz Group run from $120-$190 per sq. foot.
667 Madison Avenue on 61st Street is seen. REX DITTMAN
Tenants embody RedBird Capital Partners, the Tisch household workplace, Sciens Capital Management, Corvex Management, and Crestview Partners. Retail tenants embody luxurious manufacturers Michael Kors, Smythson and Paul & Shark.
Murstein lately launched “Project Boomerang,” a multi-pronged marketing campaign to deliver companies and high earners back to New York from Florida and Texas, utilizing techniques starting from TV adverts to shipments of Katz’s pastrami.
