Mortgage insurance company Radian group will move to its New York offices 275 Madison Avenue Commercial Observer learned in Midtown.
The Philadelphia-based company signed a five-year lease for 4,677 square feet for the entire 15th RPW groupThe 43-story building between 39th and 40th Streets, according to a source knowledgeable of the deal. The rent was $ 70 per square meter.
Radian – with outposts in Maryland, Ohio, Utah, and Colorado – currently has offices in New York City in 1450 Broadwaysaid the source. The new location is to be moved into in September.
Sam Seiler of JLL represent Radian while Neumark‘s Jarad Winter and Billy Cohen handled it for the landlord. Seiler declined to comment.
“We look forward to adding Radian to the prestigious rental list at 275 Madison Avenue and are very pleased with our rental activity on 275 Madison Avenue as the market recovers,” Winter said in a statement.
Additional tenants in 275 Madison include Mr. & Taylor owner Saadia group, Law firm Rosen and Riemer & Associates, another law firm.
Nicholas Rizzi can be reached at [email protected].