By Julian Nazar – Staff Reporter, New York Business Journal | Jun 11, 2024

The amenities at 545 Madison Ave. include an eighth-floor club lounge called “Leonard Lounge.”

Consonance Capital has signed a five-year lease to move its New York City office to 545 Madison Ave. The health care investment platform previously had its office in a similar-sized space at 1370 Sixth Ave. in Midtown for 10 years. The company is expected to open its new office in two months. Asking rents at the building range from $86 to $126 per square foot.

JLL’s Cynthia Wasserberger and Michael Pallas represented Consonance Capital on the deal. A Cushman & Wakefield team led by Tara Stacom represented the landlord, Marx Realty.

The 18-story, 140,000-square-foot office tower features a redesigned lobby with warm materials and soft curves, sophisticated mood music and Marx Realty’s signature scent, plus an eighth-floor club lounge called “Leonard Lounge” that includes a café, a 2,000-square-foot landscaped terrace, a 40-seat boardroom and a ceiling-suspended fireplace.

“Leasing velocity and demand at 545 Madison has outperformed most office buildings in the area, and the success we’ve seen here is proof positive that an inviting sensory experience is incredibly attractive to office users,” Marx Realty CEO Craig Deitelzweig said in a statement. “It’s representative of how attractive and truly special this hospitality-infused repositioning strategy has been across our entire portfolio.”

Notable tenants at the building include investment advisory firm Helix Partners and French luxury crystal line Baccarat, along with private equity firms Snow Phipps, Kohlberg & Co., Vialto Partners and Orangewood Partners.