Marx Realty secured two significant tenant expansions totaling 24,000 square feet at 10 Grand Central. The two deals represent an ongoing restack effort at the Midtown Manhattan tower.
Bank holding company Merchants Bancorp will expand from its 8,700-square-foot space on the 24th floor to an 18,000-square-foot space on the 14th floor. Global professional services firm TMF Group finalized a new lease to move from 3,000 square feet on the ninth floor to a 6,000-square-foot space on the 34th floor.
“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,” said Craig Deitelzweig, CEO of Marx Realty. “These expansions illustrate the success of our vision.”
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 in both leases.
Two tenants doubled their footprints this week at Marx Realty’s 10 Grand Central.
Marx Realty has landed two expansions totaling 24K SF at 10 Grand Central. In the first, Merchants Bancorp is doubling its footprint, moving from 9K SF on the 24th floor to 18K SF on the 14th floor. TMF Group is also growing from 3K SF on the ninth floor to 6K SF on the 34th floor. Asking rents were $94 per SF for Merchants’ space and $120 per SF for TMF’s. Savills’ Chris Foerch repped Merchants, JLL’s Jason Roberts repped TMF, and JLL’s Mitchell Konsker, Thomas Schwartz, Carlee Palmer and Nicole Danyi repped Marx Realty.
Marx Realty Signs 24K SF in Restack as Merchants Bancorp, TMF Group Double Footprints at 10 Grand Central
November 3, 2025
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 24th floor to an 18,000-square-foot space on the 14th 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 9th floor to a 6,000-square-foot space on the 34th 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.
Green Street more than doubles New York office footprint
Green Street Advisors, a commercial real estate data and market analytics firm, has more than doubled its Manhattan office footprint at a renovated tower right across from the Grand Central Terminal transit hub.
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.
Marx Realty announced that real estate analytics and advisory firm Green Street has doubled its footprint with a new 12,000-square-foot lease at 10 Grand Central. The firm has been a tenant at the Grand Central office building since 2023 and will move from its 5,000-square-foot second-floor offices to the 13th floor as part of an ongoing restack at the Midtown East building.
“As experts in commercial real estate, it’s no surprise that the Green Street team recognizes the value of a workplace that inspires creativity and stimulates collaboration,” said Craig Deitelzweig. “The one-of-a-kind hotel-like aesthetic at 10 Grand Central delivers an experience unlike any other and we are always excited to accommodate the growth of our existing tenants while continuing to attract new firms to the building.”
Ian Lipman of JLL represented Green Street. A JLL team of Mitchell Konsker, Thomas Schwartz, Carlee Palmer, and Nicole Danyi represented Marx Realty.
Green Street Advisors More Than Doubles Footprint at 10 Grand Central
October 23, 2025
The Meeting Galleries at 10 Grand Central (Photo courtesy of Marx Realty)
Marx Realty announced Green Street Advisors has doubled its footprint with a new 12,000-square-foot lease at 10 Grand Central. The firm, known for its comprehensive research platform and media outlets that deliver exclusive news and data on the commercial real estate and finance markets, has been a tenant at the Grand Central office building since 2023. Green Street Advisors will move from its 5,000-square-foot second-floor offices to the 13th floor.
“As experts in commercial real estate, it’s no surprise that the Green Street team recognizes the value of a workplace that inspires creativity and stimulates collaboration,” said Craig Deitelzweig, president and CEO of Marx Relty. “The one-of-a-kind hotel-like aesthetic at 10 Grand Central delivers an experience unlike any other and we are always excited to accommodate the growth of our existing tenants while continuing to attract new firms to the building.”
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. The asking rent was $88 per square foot.
Marx Realty recently opened The Meeting Galleries – an 11,000-square-foot amenity space comprising four reservable spaces to accommodate board meetings, corporate retreats, company gatherings, product launches, team building activities, podcast productions and more – complements the 7,500-square-foot indoor/outdoor club floor added as part of the initial repositioning at 10 Grand Central in 2018. The Meeting Galleries provides 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).
In a nod to nearby Grand Central Terminal, The Meeting Galleries space features a luxury train liner aesthetic harkening back to the 1930s. Finishes inspired by Guastavino tiles complement oversized murals and custom art pieces fashioned in oxidized copper. Gold-backed murals create a ‘garden party’ feel and lend an art gallery-like sensibility throughout the different spaces, each appointed with a variety of seating options. Oversized windows with soft, rounded edges mimic those found on train liners and infuse the space with natural light while private nooks with fold-down tables add timeless sophistication and contemporary functionality to the space.
10 Grand Central also offers tenants an upscale house car for transportation around Manhattan. The Marx Mobile is a branded electric Porsche Taycan which serves as an on-demand rideshare option available to all the building’s tenants through the company’s proprietary MarxConnect software.
Studios Architecture, together with Marx Realty’s in-house design team, led the redesign of the building as well as designs for the comprehensive amenity package.
An influential firm that tells real estate investors where they should put their money has elected to spend more of its own at a prewar tower in Midtown East.
Green Street Advisors has agreed to lease more space at 10 Grand Central, a 450,000 square-foot Art Deco tower. The research and consulting firm’s work is widely read by institutional investors who value its straight talk about who’s up and who’s down in the commercial real estate sector. The advisory firm is moving from 5,000 square feet on the second floor to 12,000 on the thirteenth and paying “very close” to the asking rent of $88 per square foot, according to building owner Marx Realty.
10 Grand Central was developed in 1931, and the 36-story tower was known as 708 Third Ave. until Marx repositioned it. The lobby entrance was moved to East 44th Street and is scented with Baccarat perfume. The Art Deco building also offers ample outdoor terrace spaces upstairs.
“As experts in commercial real estate, it’s no surprise that the Green Street team recognizes the value of a workplace that inspires creativity and stimulates collaboration,” Marx CEO Craig Deitelzweig said.
California-based Green Street was co-founded by a University of Chicago graduate who deemed the analysis published by Wall Street investment banks unintelligent and conflicted. The firm just celebrated its 40th birthday.
“Whether it’s forecasting, tracking deals, or providing clarity on valuations, our clients rely on us to know what’s coming next,” CEO Jeff Stuek said in a statement.
Marx Realty President and CEO Craig Deitelzweig and 10 Grand Central.PHOTOS: Courtesy Marx Realty
Ain’t it grand at Grand Central? This research firm thinks so.
Green Street Advisors has signed on for an additional 7,000 square feet at Marx Realty’s 10 Grand Central, the building owner announced.
SEE ALSO: Burger Village Inks 5K-SF Lease in Fresh Meadows, QueensThe firm, which provides research, analytics and strategic advice for the commercial real estate industry, will now occupy a total of 12,000 square feet across the building’s 13th floor for an undisclosed length of time, and an asking rent of $88 per square foot.
“As experts in commercial real estate, it’s no surprise that the Green Street team recognizes the value of a workplace that inspires creativity and stimulates collaboration,” Craig Deitelzweig, CEO of Marx Realty, said in a statement. “The one-of-a-kind, hotel-like aesthetic at 10 Grand Central delivers an experience unlike any other, and we are always excited to accommodate the growth of our existing tenants while continuing to attract new firms to the building.”
Ian Lipman from JLL represented Green Street Advisors in this lease, while Mitchell Konsker, Thomas Swartz, Carlee Palmer and Nicole Danyi — also of JLL — represented Marx Realty. JLL did not immediately respond to a request for comment.
Green Street Advisors moved into 10 Grand Central — which has undergone a massive redevelopment to give the office building a more luxury hotel-esque vibe — in 2023, taking 5,000 square feet on the second floor.
Block, parent to CashApp and Square, joins Bay Area giants opening D.C. offices
October 21, 2025
Subsidiaries of Block Inc. include payments platform Square and banking and payments app Cash App. The company has inked an office in D.C., the latest of several Silicon Valley tech giants to have done the same over the past year.
Courtesy of Cash App
By Nate Doughty – Staff Reporter, Washington Business Journal
Oct 21, 2025
Updated Oct 21, 2025 3:31pm EDT
Story Highlights
Block Inc. leases 8,000 square feet in D.C. near regulators.
Other tech giants like OpenAI and Roblox recently opened D.C. offices.
Block dropped San Francisco headquarters for distributed work model in 2022.
Block Inc., the parent company of CashApp and payments platform Square, has inked a lease in D.C., the latest example of Bay Area tech companies seeking proximity to federal regulators.
The company is set to occupy 8,000 square feet inside Marx Realty’s The Herald building at 1307 New York Ave. NW, an unnamed source familiar with the deal told Bisnow. The building sits three blocks from the White House.
Neither Block (NYSE: XYZ), Marx Realty nor Avison Young, which brokered the deal, responded to a request for comment on the lease.
It will be the publicly traded financial services company’s first presence in the nation’s capital since its launch in 2009 by co-founder and CEO Jack Dorsey, the co-founder and former CEO of Twitter Inc. It has other offices in cities such as Atlanta, New York and San Diego as well as several abroad, according to Indeed, and employs over 12,000 people.
Vialto Group More Than Doubles Office Space at 545 Madison
October 16, 2025
Marx Realty said private equity firm Vialto Group has signed on for an additional 10,000 square feet of space at 545 Madison, expanding its presence in the building to 17,500 square feet. The firm’s space commitment now spans two floors at the Plaza District office building. The building became known as the Baccarat Building after Marx Realty forged a co-branding partnership with Baccarat.
“The hotel-like sensibility, combined with our commitment to creating beautiful spaces, in this case in partnership with Baccarat, continues to attract high-profile tenants seeking a top-to-bottom sensory experience,” said Craig Deitelzweig, president and CEO of Marx Realty. “As is typical across our portfolio in New York and DC, existing tenants almost always choose to grow in place at Marx properties, and we’re thrilled to see Vialto more than doubling its footprint at 545 Madison.”
A Cushman & Wakefield team led by Tara Stacom represented Marx Realty while David Dusek, also of Cushman & Wakefield represented Vialto Group
