Marx Realty said private equity firm Vialto Group has signed on for an additional 10,000 square feet of space at 545 Madison, expanding its presence in the building to 17,500 square feet. The firm’s space commitment now spans two floors at the Plaza District office building. The building became known as the Baccarat Building after Marx Realty forged a co-branding partnership with Baccarat.
“The hotel-like sensibility, combined with our commitment to creating beautiful spaces, in this case in partnership with Baccarat, continues to attract high-profile tenants seeking a top-to-bottom sensory experience,” said Craig Deitelzweig, president and CEO of Marx Realty. “As is typical across our portfolio in New York and DC, existing tenants almost always choose to grow in place at Marx properties, and we’re thrilled to see Vialto more than doubling its footprint at 545 Madison.”
A Cushman & Wakefield team led by Tara Stacom represented Marx Realty while David Dusek, also of Cushman & Wakefield represented Vialto Group
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