Marx Realty Signs 24K SF in Restack as Merchants Bancorp, TMF Group Double Footprints at 10 Grand Central

November 3, 2025

Significant Expansions Underscore Robust Demand at Marx Realty’s Repositioned Midtown Tower in Grand Central Neighborhood

Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail, and multifamily property across the United States, today announced two significant tenant expansions totaling 24,000 square feet at 10 Grand Central. The two deals represent an ongoing restack effort and highlight the robust leasing momentum at the hospitality-infused tower.

Bank holding company Merchants Bancorp will expand from its 8,700-square-foot space on the 24^th floor to an 18,000-square-foot space on the 14^th floor at an asking rent of $94 per square foot. Global professional services firm TMF Group finalized a new lease to move from 3,000 square feet on the 9^th floor to a 6,000-square-foot space on the 34^th floor at an asking rent of $120 per square foot. Both companies are doubling their footprints, reflecting tenants’ long-term commitment to 10 Grand Central and its blend of sophisticated design and authentic hospitality-like glamour.

“We are thrilled to see our tenants continue to grow within 10 Grand Central’s ecosystem,” said Craig Deitelzweig, CEO of Marx Realty. “We remain committed to continuously elevating the tenant experience and are steadfast in our goal to create a workplace experience that inspires people every day. These expansions illustrate the success of our vision.”

The TMF Group and Merchants Bancorp expansions mark the final phase of a sweeping restack at 10 Grand Central, which has included recent moves and expansions by Green Street, 1-800-Flowers, Marx Realty’s own headquarters, and Hayfin Capital Management. Collectively, these transactions underscore the strong demand among tenants to expand and remain within the building’s unique hospitality-driven environment.

Merchants Bancorp was represented by Chris Foerch of Savills while Jason Roberts of JLL represented TMF Group. A JLL team of Mitchell Konsker, Thomas Schwartz, Carlee Palmer, and Nicole Danyi represented Marx Realty on both transactions.

The recent completion of The Meeting Galleries continues to drive leasing activity at 10 Grand Central. The new 11,000-square-foot amenity comprises four reservable spaces to accommodate board meetings, corporate retreats, company gatherings, team building activities, product launches, podcast productions, and more. Tenants now enjoy a next-generation ‘town hall’ meeting lounge with seating for 200 guests (The Grand Gallery), a pre-function space (The Bar Car), a sound-attenuated podcast room (The Podcast Gallery), and a theater room (The Screening Gallery). Complemented by a 7,500-square-foot indoor/outdoor club floor, these amenities embody Marx Realty’s signature approach, blurring the lines between office and hospitality.