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New York City — Two retail tenants have signed leases at 540 Madison, a 292,000-square-foot office tower located in New York City. Bang & Olufsen and H.Stern will occupy 1,557 and 1,450 square feet, respectively. Grand Seiko is also a tenant within the 9,266-square-foot retail portion of the property, which formerly housed a bank branch. The new leases bring the retail space to full occupancy. Ariel Schuster and Mitch Heifetz of Newmark represented the landlord, DivcoWest, in the lease negotiations.