NEW YORK CITY—The Eretz Group, owner of 295 Madison Ave., has retained Cushman & Wakefield as the leasing agent for the office tower located one block from Grand Central Terminal and Bryant Park.

The 329,000-square-foot office building recently underwent a multi-million dollar capital improvement program and repositioning. The renovation included improvements to base building systems, a complete renovation of the lobby, upgraded elevator cabs, the redesign of the exterior retail storefronts along both Madison Avenue and East 41st Street, the installation of more than 2,000 new tilt-in windows throughout the property, and the full renovation of 16 of the 47 floors in the building.

“Eretz Group is a family-owned real estate investment firm. Management of our portfolio is in-house; we are fully committed to servicing our properties and forming and maintaining active relationships with all of our tenants. Since acquiring 295 Madison Ave., we have received a considerable amount of positive feedback and look forward to sustaining this momentum alongside the Cushman & Wakefield team,” said Nicholas Mok, director of leasing and acquisitions for the Eretz Group.

Multiple published reports last June stated the Eretz Group acquired the 295 Madison Ave. building for approximately $210 million.

A Cushman & Wakefield office leasing team of William Fressle, Ashlea Aaron, Scott Silverstein and Andrew Braver, along with a retail leasing team of Joanne Podell and Brandon Singer, will serve as exclusive leasing agents, the brokerage firm states.

“295 Madison Ave. offers high-quality Midtown Manhattan office space, with exceptional natural light and magnificent views,” says Fressle, a Cushman & Wakefield Senior Director. “The building is conveniently located steps from one of Manhattan's main transportation hubs in Grand Central Terminal, as well as major subway lines. We look forward to working with ownership on this premier boutique office tower.”

The property offers tenants full floor opportunities, with high-end, build-to-suit options. Current availabilities in the building include approximately 40,000 square feet of boutique office space and approximately 19,801 square feet of retail space.