President Trump’s Inauguration chair, Tom Barrack, is moving his merged Colony NorthStar company to 590 Madison Ave. The black building is conveniently connected to Trump Tower through a cheery landscaped glass atrium fitted with a coffee bar, tables and chairs.
Colony is located at 712 Fifth Ave. while North Star Realty Finance is at 399 Park Ave. The firms merged in 2016 and have $58 billion under management.
When they move at the end of the year to the entire 34th and part of the 33rd floors, the firms will inhabit 40,000 square feet facing Central Park.
This is the first Plaza District deal since 2014 that is larger than 25,000 square feet with a rent over $100 a square foot.
Colony Northstar was represented by JLL’s Alexander Chudnoff and Robert Martin, as well as James Travers of Travers Realty.
A CBRE team of Stephen Siegel, Evan Haskell, James Ackerson, Taylor Scheinman and Brett Shannon, along with Jeffrey Sussman of advisor and manager Edward J. Minskoff Equities, represented 590 Madison, which is owned by STRS Ohio.
