NEW YORK – August 8, 2019 – DivcoWest purchased 540 Madison Avenue, a Class A, 39-story, ~291,000 square foot, boutique office tower in Midtown Manhattan’s Plaza District.
Convenient to multiple subway lines and a short walk from Grand Central Terminal, the building’s floor plates range from +/-7,000 – 11,500 square feet, customizing to full-floor users.
“DivcoWest continues to like New York’s fundamentals as an innovation hub,” said Ariel Aber, Senior Director-Acquisitions, “We are pleased to add 540 Madison Avenue to our portfolio and believe its core and central location, surrounded by transportation and amenities and strong tenant roster make it an attractive building.”
DivcoWest plans to locate its New York office at the property.