TZ Capital, a real estate investment firm based in Palm Beach, has recently acquired a luxury retail property located at 680 Madison Avenue in the Upper East Side. The acquisition was made on behalf of Steven A. Tananbaum’s family office.
Spanning over 34,000 square feet and occupying the entire western blocks of Madison Avenue between East 61st and 62nd Street, this property is fully leased to renowned tenants such as Tom Ford, Brioni, Oscar de la Renta,Morgenthal Frederics,Missoni,and Asprey. With its historic architecture boasting impressive features like high ceilings and extensive frontage along Madison Avenue,this building is truly exceptional.
According to Tyler Tananbaum,the managing partner at TZ Capital,”Madison Avenue exudes a timeless charm,and we are confident that our acquisition of 680 Madison will prove to be an excellent investment.The retail presence in this location is already strong and shows potential for further growth.” He also added,”With New York tourism expected to rebound soon,taking into account the numerous developments underway nearby,and with high street retail activity picking up pace again,this area holds great promise.”
The article “TZ Capital Buys Retail Property at 680 Madison Avenue” originally appeared on Connect CRE.
