Business
Overseas Investments
JV Equity Investment in One Madison Avenue Redevelopment Project, Manhattan, New York
Mastern America Private Real Estate Investment Trust No. 42
- Direct investment
- Office
- Located in Manhattan, New York, One Madison Avenue is a trophy office property comprising 27 above-ground floors and 2 basement levels, with a total floor area of approximately 127,056㎡. The property completed its redevelopment in September 2023 and features an open, modern design. Upper floors offer floor-to-ceiling windows and column-free layouts, creating a highly efficient and comfortable workplace environment.
Overlooking Madison Square Park with permanent park views, the building provides a range of premium amenities, including multiple tenant lounges and a large-scale fitness center. Positioned within the Midtown South submarket, the asset has established itself as a differentiated office property. Following completion, the building rapidly achieved approximately 99% occupancy and asset stabilization, representing a notable example of the flight-to-quality trend in the New York office market.
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ESG Certifications & Assessments
- LEED Gold