Hertz Herson Relocates Headquarters to 477 Madison Avenue

Cassidy Turley Represents the Landlord in the Transaction

Published on October 27, 2010

New York - October 27, 2010 – Cassidy Turley, a leading national commercial real estate services provider, announced today that Hertz Herson & Company signed a 15 year lease for 17,548 square feet of space at 477 Madison Avenue.

Hertz Herson will relocate its headquarters from 2 Park Avenue in the spring of 2011. The company will occupy the entire 10th floor at 477 Madison Avenue.

“We are delighted Hertz Herson will be our newest full floor tenant at 477 Madison Avenue where so far this year we’ve leased 61,000 square feet to ten different tenants,” said David L. Hoffman, Jr., Executive Managing Director/Principal at Cassidy Turley. “A key factor in procuring this tenant was the landlord’s agreement to build the space to a standard comparable to recently completed pre-built units at 477 Madison.  The landlord’s financial stability was another key element.”

Wendy Miller, Managing Director, assisted Mr. Hoffman in representing the owner of the building, J.A.B. Madison Associates.  The landlord’s legal work was handled by Shira Nadich Levin, Esq. and Daniel Goldberg, Esq., both with Cooley Godward.  Dan Horowitz, Gary Kerper and Jeff Peck from Studley represented the tenant.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 420 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the top 6 markets.  Please visit www.cassidyturley.com for more information about the company.

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