Green Street signed a new 12,000-square-foot lease at 10 Grand Central located at 155 E. 44th St., landlord Marx Realty said in a statement. Green Street, a tenant at the building since 2023, plans to move from its 5,000-square-foot second-floor space to the 13th floor, Marx said. The asking rent was $88 per square foot.
The building, between Lexington and Third avenues, has been revamped to feature amenities such as a 7,500-square-foot indoor and outdoor lounge and club floor. Seeking to offer tenants a hotel-like aesthetic and amenities, the property also features an electric Porsche Taycan that serves as the house car.
Marx more recently also added a suite of spaces called “The Meeting Galleries” that feature a town hall space that can host up to 200 people; a screening room with stadium seating; and a podcast studio.
“The ‘flight to quality’ trend remains the defining theme of New York’s office market,” according to a CoStar analysis, adding top-tier properties near major transit hubs, especially Grand Central, are outperforming. “Leasing momentum is being fueled by a relative sense of urgency as office tenants compete for a shrinking pool of top-tier space.”
The building is 95% occupied, a Marx spokeswoman told CoStar News.
Other tenants in the building, which CoStar data shows spans 432,381 square feet, include global professional services firm TMF Group; bank holding company Merchants Bancorp; U.K.-based alternative asset management platform Hayfin Capital Management, 1-800-Flowers, Mass Mutual and Teladoc Health.
For the record
Ian Lipman of JLL represented Green Street Advisors. A JLL team of Mitchell Konsker, Thomas Schwartz, Carlee Palmer, and Nicole Danyi represented Marx Realty in the transaction.