“We are excited about our art gallery leasing at 980 Madison Avenue and dedicated to its success.”
- Oliver Katcher, Executive Vice President of RFR
NEW YORK, NY (PRWEB) February 23, 2012
Manhattan owner/developer RFR recently signed several new art gallery leases at its 980 Madison Avenue property on the Upper East Side.
RFR developed a dedicated art gallery floor at 980 Madison. The firm completely renovated and repositioned its 23,000-sqaure-foot third floor for occupancy by an exclusive group of high-end art galleries. The art gallery floor leases are as follows:
- Yoshii Gallery: Current 3rd floor Tenant, Yoshii Gallery is renewing and building a new gallery on the 3rd floor. The new gallery is under construction and Yoshii Gallery is expected to relocate and open March 2012.
- Higher Pictures: New Tenant, Higher Pictures is relocating to the 3rd floor from their existing Madison Avenue gallery. The new gallery is under construction and expected to open March 2012.
- Adam Lindenman: New Tenant, Adam Lindenman will be designing and building a gallery on the 3rd floor. The gallery will showcase a variety of artists. The gallery is under construction and expected to open Spring 2012.
“We are excited about our art gallery leasing at 980 Madison Avenue and dedicated to its success,” said Oliver Katcher, executive vice president of RFR. “980 Madison has a long and prestigious history in the New York art world, as the original home of auction house Parke-Bernet Galleries, and current home to the Gagosian Gallery. Our third floor Tenants, Yoshii Gallery, Adam Lindenman and Higher Pictures will help extend that out into the future, allowing whole new generations of Art professionals to visit the property.
“There’s limited gallery space left in the building at this time. Only a few galleries are currently available for lease on the third floor and we expect strong demand from top dealers.”
RFR is a privately held full-service Manhattan-based owner/developer with a substantial portfolio of office, residential, retail and hotel properties founded by Aby Rosen and Michael Fuchs. The global real estate firm owns and manages approximately six million square feet of prime office and retail space in Manhattan including premier properties 375 Park Avenue (Seagram Building), 390 Park Avenue (Lever House), 160 Fifth Avenue, 980 Madison Avenue and 17 State Street. RFR controls additional properties on Miami’s South Beach, on the Las Vegas strip, in Stamford, Connecticut and in Germany as well as 1,500 luxury residential units in Manhattan.