The joint venture of George Comfort & Sons, Jamestown, and Loeb Partners Realty is seeking a new investor for 63 Madison Avenue, valuing the 860,000 sq. ft. office building at $400 million. Despite securing a major lease with American Eagle Outfitters for 337,000 sq. ft., the 15-story building remains 76% leased, with substantial vacant space. Proceeds from the stake sale will fund tenant acquisition costs.
63 Madison Avenue
