Posted Mar 31, 2025, 1:59 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,636
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Meanwhile, space is still available….
https://commercialobserver.com/2025/03/apollo-global-mangement-lease-590-madison-avenue/
Apollo Global Negotiating 100K-SF Lease for Four Floors at 590 Madison
BY LOIS WEISS
MARCH 31, 2025
Quote:
Apollo Global Management (APO) is negotiating to bring its Bryant Park employees nearer its 9 West 57th Street mothership with a new deal for four floors at 590 Madison Avenue totaling just under 100,000 square feet, Commercial Observer has learned.
The group is now at Salesforce Tower at 1095 Avenue of the Americas — also known as 3 Bryant Park — where Apollo’s been subleasing 71,291 square feet from MetLife since 2018.
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A portion of the land under that building is also owned by STRS Ohio, which is once again exploring a sale of the entire tower through Will Silverman and Gary Phillips of Eastdil that had an expected price tag of $1.1 billion. Market sources say that pricing was ambitious and may end up closer to $800 million to $900 million. Additionally, STERS Ohio may pool some assets for a larger portfolio sale.
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