Rose Leases 3,500 S.F. to TD Bank at Broadway & 23rd Street
Posted On April 21, 2014
Rose Associates, the New York-based full service real estate firm, has announced that it recently signed a 15-year lease with TD Bank, N.A. for 3,428-square-feet at Madison Green, a building located on the southeast corner of Broadway and 23rd Street.
The space includes more than 150 feet of frontage on Broadway and 23rd Street, and it is adjacent to the N/R subway. TD Bank, which is expected to open in the summer of 2014, will join area retailers that include Restoration Hardware, Brooks Brothers, Eataly and Shake Shack.
Bruce Spiegel, senior managing director for Rose, represented the property owner in the transaction. Christian Stanton and Joanne Podell of Cushman Wakefield represented TD Bank.
“This is a highly sought after street-level space in the heart of the Flatiron,” said Bruce Spiegel of Rose. “TD Bank will have great exposure on this busy corner, and they’ll see steady traffic from tourists, residents and professionals.”
Rose developed Madison Green over 25 years ago, and has handled leasing of the building’s retail and garage space ever since. TD Bank will join other national retailers at the property, including LensCrafters, Papyrus and FedEx.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.