The law firm signed a seven-year renewal for its existing 3,956 square feet on the 31st floor of the 42-story building, landlord GFP Real Estate announced. The company — which practices real estate, probate, corporate and literary property law — has been in the building since 2013.
Aside from the Kayser & Redfern deal, GFP also signed a short-term renewal with Alpha Properties for its 1,710 square feet on the 30th floor. GFP did not specify the length of Alpha’s renewal, but said it was less than five years.
The developer hit some troubled waters when it defaulted on its $130 million commercial mortgage-backed securities loan for 515 Madison last December, but the future brightened when it landed a three-year mortgage extension in March, as Commercial Observer previously reported.
A broadcasting antenna that dates back to 1938 gives the DuMont Building a distinctive profile in the Midtown skyline. It was used in the first broadcasts of Allen B. DuMont’s experimental television station, W2XWV.
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Attorneys at Kayser & Redfern are staying put in the historic DuMont Building at 515 Madison Avenue. The law firm signed a seven-year renewal for its existing 3,956 square feet on the 31st floor of the 42-story building, landlord GFP Real Estate announced. The company — which practices real estate, probate, corporate and literary property law Channel, Leases, Office, 515 Madison Avenue, DuMont Building, Martin McGrath, Sam Matayev, New York City, Manhattan, Midtown East, Alpha Properties, GFP Real Estate, Kayser & Redfern, Norman Bobrow & Company
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.