Cornerstone Real Estate Advisers Taps Cassidy Turley to Lease and Manage 551 Madison Avenue

Published on February 14, 2013


NEW YORK – Cassidy Turley, a leading commercial real estate services provider in the U.S., was selected as the new leasing and management agency for 551 Madison Avenue. The LEED Certified, 150,000-square-foot property is located at the northeast corner of 55th Street. The team was lead by Jim Frederick, Executive Managing Director, Principal of Cassidy Turley.

The new assignment is a testament to the quality of client service and the strength of relationships that the Cassidy Turley team cultivates. Peter Occhi, Managing Director of Cassidy Turley will also play a role in the management of the account. Since Cassidy Turley had assisted Cornerstone Real Estate Advisers with previous underwriting enterprises, the team was able to act swiftly once the asset became available.  

“Our history with Cornerstone Real Estate Advisers presented a unique opportunity to move quickly and thoughtfully with confidence and resulted being named the leasing and management agency of 551 Madison Avenue,” comments Jim Frederick, Executive Managing Director, Principal, Cassidy Turley.

There is currently 15,682 square feet of available space including the entire second floor of 7,325 square feet, a 4,482-square-foot space on the third floor and 3,875 square feet on the 11th floor. The largest tenant at 551 Madison is Lacoste, which leases five floors. Other prominent leaseholders include DeBeers Jewelers, Milestone Venture Partners and Omni Hotels.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients-from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services-including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

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