As part of its capital improvement program, Stellar and Imperium will renovate the lobby and update and modernize the building systems. The partnership is also completing high-end, custom pre-builds for turn-key office space. There are currently six full floors available for lease comprising approximately 9,000 RSF each.
“The location is unbeatable and we are excited to begin upgrading the base building and amenities to offer this as a premium office space for tenants,” said Matthew Lembo, a principal at Stellar Management.
“This coveted building anchoring the corner of 26th and Fifth Avenue is a jewel of the red hot Madison Square Park submarket,” said Morris Mishan of Imperium Capital.
John Park, Leo Leyva, Jordan Fisch, Jeff Schecter and Patrick Quinn of Cole Schotz provided legal counsel for Dino & Sons Realty Corp. while Ira Nesenoff and Ariya Waxman of Nesenoff & Miltenberg represented Stellar Management and Imperium Capital.