655 Fifth Avenue

Opportunity:

Madison acquired the property in October 2010. The building is located on Manhattan's premier retail corridor on the corner of 52nd street and Fifth Avenue, with 50 feet of frontage on Fifth Avenue and 115 feet on 52nd street. Fifth Avenue is the foremost global branding highstreet and with record sales per square foot, is recognized as the highest value retail corridor in the world. The building is 100% leased to Ferragamo USA, and serves as the luxury retailer's NYC and American flagship store and corporate offices. Madison sold a majority interest in the property in 2013.