Arca Financial Group Takes 8K SF at Moinian’s 60 Madison Avenue – Commercial Observer
A wealth management firm is moving into a new office north of Manhattan’s Madison Square Park.
Arca Financial Group signed a five-year, 7,500-square-foot lease for a prebuilt space on the 10th floor at the Moinian Group’s 60 Madison Avenue, according to the landlord. The deal was signed this month.
Moinian did not immediately disclose the exact asking rent, but the average asking rent for office space in Midtown South was $85.73 per square foot in the second quarter of 2026, according to a report from CBRE.
“60 Madison Avenue continues to attract companies seeking premium office space in one of Manhattan’s most desirable business districts,” Omar Sozkesen, vice president of commercial leasing at Moinian, said in a statement. “Our prebuilt office spaces overlooking Madison Square Park continue to resonate with tenants looking for thoughtfully designed, move-in-ready workplaces that support both employee experience and long-term growth.
A brokerage team from CBRE represented Moinian in the transaction, while Arash Sadighi and Tyler Ruggieri of Venture Commercial negotiated on behalf of the tenant.
Venture Commercial and CBRE did not immediately respond to requests for comment.
It is unclear if the tenant is relocating within the city or if this will be its first New York City headquarters.
Other recent deals in the building include a 25,000-square-foot lease for web developer Tenex Labs, a 17,500-square-foot deal for artificial intelligence agentic workforce development firm Pace, and another 17,500-square-foot lease for an AI firm known as GovWell Technologies that develops operating systems for governments.
Mark Hallum can be reached at mhallum@commercialobserver.com.
