Palm Beach-based real estate investment firm, TZ Capital, has recently acquired a luxury retail property on Upper East Side’s 680 Madison Avenue. The acquisition was made on behalf of Steven A. Tananbaum’s family office and spans over 34,000 square feet with tenants including Tom Ford, Brioni, Oscar de la Renta and more.
The building boasts historic architecture with high ceilings and significant frontage along Madison Avenue. According to managing partner Tyler Tananbaum of TZ Capital,”Madison Avenue exudes a timeless charm and we are confident that the retail presence in this location will continue to thrive.” With New York tourism expected to return or even surpass pre-pandemic levels by 2019,the area is well-positioned for growth especially with upcoming developments nearby as well as the resurgence of high street retail activity.
This recent purchase by TZ Capital marks another successful investment in their portfolio without any mention of Connect CRE or its affiliates.
