{"id":274682,"date":"2026-06-23T00:41:23","date_gmt":"2026-06-23T00:41:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/274682\/"},"modified":"2026-06-23T00:41:23","modified_gmt":"2026-06-23T00:41:23","slug":"moinian-group-signs-deals-with-three-ai-firms-at-60-madison-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/274682\/","title":{"rendered":"Moinian Group Signs Deals With Three AI Firms at 60 Madison Avenue \u2013 Commercial Observer"},"content":{"rendered":"

The Moinian Group<\/a> has been dealing with an avalanche of new leasing in Midtown over the last two weeks.<\/p>\n

The office landlord said it has signed 68,000 square feet of new leases with four new tenants \u2014 three technology firms and a communications company \u2014 at 60 Madison Avenue, with web developer Tenex Labs<\/a> taking the largest slice at 25,000 square feet.<\/p>\n

SEE ALSO: NYC Education Retirement System Signs 78K-SF Lease at 55 Water Street<\/a><\/p>\n

The Moinian Group did not disclose the asking rent for the building or the length of the Tenex lease, but office asking rents in Midtown South averaged $86.38 per square foot in May, according to an office market report from CBRE<\/a>.<\/p>\n

Tenex\u2019s new office will span the entire 12th floor and penthouse level of the building, but it is unclear where the firm is relocating from.<\/p>\n

\u201c60 Madison Avenue, with its prime Midtown South location directly on Madison Square Park, continues to attract innovative and fast-growing companies seeking high-quality office space in one of Manhattan\u2019s most dynamic business districts,\u201d Joseph Moinian, founder and CEO at the Moinian Group, said in a statement. \u201cThese leases, all signed within the last two weeks, demonstrate the strong demand for thoughtfully designed, move-in-ready spaces and build upon the momentum we have established at the property throughout 2026.\u201d<\/p>\n

CBRE\u2019s Gregg Rothkin, Hayden Pascal, Jared London, Taylor Walker and Keegan Schenk represented Moinian Group in all four deals, while Noel Flagg and E.N. Cutler of Newmark<\/a> negotiated on behalf of Tenex.<\/p>\n

In a separate deal, Pace<\/a>, a firm that develops artificial intelligence agentic workforce for insurance companies with backing from Sequoia Capital and Thrive Capital, also signed a lease for 17,500 square feet across the entire seventh floor of 60 Madison Avenue, according to the landlord. The deal marks a relocation and expansion from 734 Broadway, where Pace occupies 3,500 square feet, according to Nicholas Markel of Cresa<\/a>, who represented the tenant<\/p>\n

\u201cWe\u2019re customizing a prebuilt, they need space to accommodate their growing team, and they were looking for a building with opportunities to expand further into,\u201d Markel told CO. \u201cThere\u2019s demand for high-quality, centrally located space and optionality within buildings to continue to accommodate expanded teams in AI.\u201d<\/p>\n

GovWell Technologies<\/a>, an AI firm that develops operating systems for governments, signed a 17,500-square-foot lease on the entire eighth floor of the Midtown building in an apparent relocation from 25 West 36th Street.<\/p>\n

Christopher Foerch, Zev Holzman and Riley Scanlon of Savills<\/a> negotiated on behalf of GovWell but did not immediately respond to a request for comment.<\/p>\n

The smallest of the four leases was for communications, production and brand strategy firm Full Picture<\/a>, which signed a lease for 8,000 square feet on part of the 11th floor in a possible relocation from its current New York City headquarters at 79 Madison Avenue.<\/p>\n

Michael Herz and Waite Buckley of Cresa represented Full Picture and did not immediately respond to a request for comment.<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The Moinian Group has been dealing with an avalanche of new leasing in Midtown over the last two…\n","protected":false},"author":2,"featured_media":274683,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[68326,98,100,99,80765,105682,37655,105683,105684,105685,24472,2361,105686,9,24,105687,105688,63,2362,80767,105689,105690,80770],"class_list":["post-274682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-60-madison-avenue","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-christopher-foerch","tag-e-n-cutler","tag-gregg-rothkin","tag-hayden-pascal","tag-jared-london","tag-joseph-moinian","tag-keegan-schenk","tag-leases","tag-michael-herz","tag-new-york","tag-new-york-city","tag-nicholas-markel","tag-noel-flagg","tag-nyc","tag-office-leases","tag-riley-scanlon","tag-taylor-walker","tag-waite-buckley","tag-zev-holzman-channel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/274682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=274682"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/274682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/274683"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=274682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=274682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=274682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}