Contact
March 5, 2025
Hospitality-Infused Aesthetic and Recent Co-branding with Baccarat at Plaza District Building
Photo Courtesy: Peter Murdock
Marx Realty, a New York-based owner, developer and manager of office, retail, and multifamily properties across the United States, announced today that private investment firm BellTower Partners, founded by Kewsong Lee, has signed on to take a full floor at its 545 Madison office building, which Marx recently co-branded with Baccarat.
“We’ve had incredible success since repositioning the 545 Madison office tower,” said Craig Deitelzweig, president and CEO at Marx Realty. “We have been able to attract premiere investment firms as well as high-end luxury brands as a result of the dramatic repositioning and collaboration with Baccarat. This is the nation’s first co-branded office building, and the market has been responding strongly. We continue to see incredible interest in our uniquely welcoming workspace experiences across the Marx Realty portfolio.”
A Cushman & Wakefield team led by Tara Stacom represented Marx Realty and CBRE’s Zac Price and Neil King represented BellTower Partners. The term is 10 years.
545 Madison features a warm and welcoming hospitality-infused vibe that appeals to office users ranging from financial services firms to luxury brands. The sensory journey starts at the entrance and boasts a uniformed doorman while the well-appointed lobby features warm materials and soft curves. The serenity of the lobby library and various nooks with plush velvet seating, combined with soft curves and walnut wood-clad walls punctuates the sophisticated ambiance effectively blurring the lines between an office lobby and a luxury hotel space.
With Baccarat joining the tenant roster in December 2023, and committing to a co-branding program at 545 Madison, the lobby at 545 Madison is accented with some of the most recognizable Baccarat fixtures and accessories. From the simple sophistication of its Lady Crinoline Chandelier and Harcourt pendant lights to the bold luxury of the Zenith Red Chandelier – with select pieces custom-crafted for the building – the lobby at 545 Madison welcomes tenants and guests with the aesthetic of two extraordinary brands.
The eighth-floor club lounge at 545 Madison is known as the Leonard Lounge and named in honor of Leonard Marx, the founder of Marx Realty. The design is an homage to Leonard’s personality – bold, ahead-of-its-time and forward-thinking – with features that are represented in the thoughtful details that make up the space. Comprising 7,000 square feet of indoor/outdoor lounge space, the Leonard Lounge boasts a café, a 2,000-square-foot landscaped terrace, a 40-seat boardroom and a ceiling-suspended fireplace. Baccarat fixtures, barware and accessories in the tenant lounge add another layer of luxury and round out the exclusive ambiance of the space.
Current tenants include financial software and applications developer GTS and Baccarat; private equity firms Consonance Capital, TruArc Partners, Kohlberg & Company, Vialto Partners and Orangewood Capital as well as additional top-tier wealth management and private equity firms.
David Burns and Kristin Kaiser of Studios Architecture worked with Marx Realty’s in-house design team to reimagine the lobby and amenity spaces at 545 Madison.
BellTower Partners Leases 9K SF at Marx Realty’s 545 Madison AvenueMarch 4, 2025
Private investment firm BellTower Partners has taken over the entire 15th floor of Marx Realty’s 545 Madison Avenue, the landlord announced.
BellTower signed a 10-year lease for 9,000 square feet at the 18-story building at the corner of Madison Avenue and East 55th Street. Asking rent was $125 per square foot, according to a source with knowledge of the deal. Marx did not disclose if this is a new office or relocation for the firm.
Tara Stacom from Cushman & Wakefield (CWK) represented Marx in the lease negotiations while Zachary Price and Neil King from CBRE (CBRE) handled it for BellTower. CBRE did not respond to a request for comment while Stacom declined to comment.
Marx Realty recently co-branded 545 Madison with French luxury crystal company Baccarat. Baccarat chandeliers, crystal drinkware and other branded accessories can be found throughout the building, while Baccarat itself occupies the 10,138-square-foot penthouse at 545 Madison, making its now namesake building its official U.S. headquarters.
“We’ve had incredible success since repositioning the 545 Madison office tower,” Craig Deitelzweig, president and CEO at Marx Realty, said in a statement. “We have been able to attract premier investment firms as well as high-end luxury brands as a result of the dramatic repositioning and collaboration with Baccarat. This is the nation’s first co-branded office building, and the market has been responding strongly.”
In addition to BellTower and Baccarat, other tenants at 545 Madison Avenue include software developer GTS, private equity firm TruArc Partners, and Finnish investment company Helix Partners.
Marx Realty, Baccarat Unveil 545 Madison CollaborationFebruary 26, 2025
Marx Realty, a New York-based owner, developer and manager of office, retail and multifamily properties across the United States, and Baccarat announced the official unveiling of their collaboration at 545 Madison. The building, colloquially known as the Baccarat Building, is located on Madison Avenue between 54th and 55th Streets and the completion of its 10,000-square-foot penthouse headquarters and mezzanine — complemented with Baccarat masterpieces throughout — marks Baccarat’s expansion into a full suite of luxury lifestyle offerings beyond the home.
Opulent chandeliers grace the lobby, while crystal barware enhances the Leonard Lounge and bold statement pieces are displayed in the namesake penthouse showroom and office.
“Marx and Baccarat’s collaboration represents an evolution of our hospitality-infused aesthetic and approach,” said Craig Deitelzweig, president and CEO of Marx Realty. “With Baccarat’s essence throughout 545 Madison, we’ve seamlessly blended the lines between elegant workspaces and luxury-branded hospitality. The combination of these two iconic brands has created a one-of-a-kind experience for our tenants and their guests.”
Baccarat’s new office space features floor-to-ceiling windows, warm white oak wood floors, sliding glass walls and a private terrace that offers a seamless indoor/outdoor experience. A central, light-filled staircase — augmented with blonde wood and copper finishes — connects the two-story space, enhancing the open and airy atmosphere.
The eighth-floor Leonard Lounge, with its café and landscaped terrace, also features Baccarat fixtures, barware and accessories. Even the building’s house car, a sleek electric Rivian, carries the Baccarat experience, with the brand’s signature scent infused into its ventilation system.
“We’re thrilled to bring Baccarat’s art de vivre to 545 Madison,” said Adam Banfield, president and CEO of Baccarat North America. “This collaboration is an exciting step in our journey to creating captivating worlds beyond living spaces and hospitality. Infusing Baccarat into this stunning office space in New York City — a strategic hub for Baccarat in the US — provides an important step in our evolution as a lifestyle house.”
Luxury label Baccarat unveils co-branded office building in ManhattanFebruary 27, 2025
French company has penthouse US headquarters at 545 Madison
French luxury crystal label Baccarat has lent its signature touch to the office building at 545 Madison Ave. (Marx Realty)
By Andria Cheng
Luxury crystal label Baccarat, having licensed its moniker to a residential property in New York, now has a namesake office building.
The French company, known for its array of products including lighting, decor, barware and fragrance, unveiled a co-branding arrangement at 545 Madison Ave. after signing a 10,000-square-foot penthouse U.S. headquarters and mezzanine lease there, building owner Marx Realty and Baccarat said Wednesday in a statement.
Colloquially known as the Baccarat Building, the property showcases Baccarat’s lavish touch: Chandeliers grace the lobby, while crystal barware and accessories are featured at the exclusive tenant lounge. Even the house car, an electric Rivian, has Baccarat’s signature scent subtly infused into its ventilation system, Baccarat and Marx said.
“Marx and Baccarat’s collaboration represents an evolution of our hospitality-infused aesthetic and approach,” Craig Deitelzweig, president and CEO of Marx, said in the statement. “With Baccarat’s essence throughout 545 Madison, we’ve seamlessly blended the lines between elegant workspaces and luxury-branded hospitality.”
Deitelzweig previously said Marx proposed the co-branding partnership as part of the landlord’s move to adopt hotel-like amenities to help attract tenants.
That strategy looks to have paid off. For instance, 545 Madison has a vacancy rate of 6.2%, far below the 13.6% rate in the Plaza District, the largest U.S. office cluster and where the property sits, according to CoStar data.
For Baccarat, which celebrated its 260th anniversary in 2024, the partnership “punctuates” the luxury house’s evolution, the statement said.
Baccarat’s new office features floor-to-ceiling windows, warm white oak wood floors, sliding glass walls and a private terrace. A central, light-filled staircase connects the two-story space featuring bold statement pieces.
The building is located just blocks from Baccarat’s boutique retail location at 635 Madison Ave. and near Baccarat Hotel & Residences.
Marx Realty Unveils Baccarat Partnership at Madison Avenue OfficesFebruary 27, 2025
Marx Realty and Baccarat have unveiled their collaboration at 545 Madison Ave. The building, colloquially known as the Baccarat Building, is located between 54th and 55th Streets in Midtown Manhattan’s Plaza District. The completion of its 10,000-square-foot penthouse headquarters and mezzanine, complemented with Baccarat art throughout, marks Baccarat’s expansion into a full suite of luxury lifestyle offerings beyond the home, according to Marx Realty.
“Marx and Baccarat’s collaboration represents an evolution of our hospitality-infused aesthetic and approach,” said Craig Deitelzweig, president and CEO of Marx Realty. “With Baccarat’s essence throughout 545 Madison, we’ve seamlessly blended the lines between elegant workspaces and luxury-branded hospitality. The combination of these two iconic brands has created a one-of-a-kind experience for our tenants and their guests.”
The new office space is located a few blocks from Baccarat’s boutique retail location at 635 Madison Ave. and proximate to Baccarat Hotel New York. Other tenants at 545 Madison include GTS, Millenium Partners, Snow Phipps, Kohlberg, Vialto Partners, and Orangewood Capital.
Manhattan buildings sit at corner of prestige and high rent after address changesFebruary 25, 2025
Marx Realty CEO Craig Deitelzweig said rent has doubled at 10 Grand Central since the landlord changed the address from 708 Third Ave.
On a recent morning, a pedestrian waited outside the subway entrance at East 42nd Street and Lexington Avenue to ask for directions to 10 Grand Central.
“Sorry, can’t help you,” said a gentleman named Mark, who works nearby in financial services. “I bet it’s near the train station.”
Indeed, 10 Grand Central is one block east of Grand Central Terminal. But even though the 36-story tower has stood there since 1931, its location isn’t better known perhaps because its address for decades was 708 Third Ave. The change came in 2018 after owner Marx Realty renovated the 450,000-square-foot building and moved the entrance around the corner to East 44th Street.
This new name produced a shift in fortunes on par with what happened to Stefani Germanotta when she became Lady Gaga. Freed from its association with Third Avenue, a corridor riddled with depressingly vacant post-war office buildings, 10 Grand Central’s average rent has jumped to $92 a square foot from $44 last year. Total revenue has doubled to $40 million a year.
“If we were 708 Third Ave., we wouldn’t be renting at these prices,” said Marx Realty CEO Craig Deitelzweig.
The building at 10 Grand Central is just the latest in Manhattan to change its fortunes at least in part by changing its address.
Ever since 1250 Broadway was renamed NoMad Tower in 2017, for example, rents have risen by 25%, said Craig Panzirer, director of leasing at owner Global Holdings Management. The name change helped draw attention to the $45 million spent by the landlord to upgrade the 1960s-era glass tower at the corner of West 32nd Street.
“We’re getting rents you don’t normally see in this part of town,” Panzirer said.
Opting for vanity
Changing a building’s address typically requires approval from the borough president. It costs $11,000 to secure an OK from the Manhattan borough president’s office for an address that deviates from “normal numbering conventions.”
“A vanity address should make the building easier to find or at least no less difficult to find,” reads a memo from the office’s topographical bureau. “The request for a vanity address should be based on more than the desire to lend prestige to an otherwise ordinary building.”
Of course, prestige – and higher rents – is exactly what most building owners are looking for. In Midtown, many have chosen to bask in the refracted glory of Bryant Park. Bank of America kicked off the trend in 2010, when its new tower rose at the northwest corner of West 42nd Street and Sixth Avenue and took the address 1 Bryant Park. Across the street, 1100 Sixth Ave. rechristened itself 2 Bryant Park, 1095 Sixth Ave. became 3 Bryant Park, 1071 Sixth Ave. turned into 4 Bryant Park and 1065 Sixth Ave. became 5 Bryant Park, according to mortgage records filed with the city.
A few blocks to the east, three years ago 335 Madison Ave. renamed itself 22 Vanderbilt Ave., a nod to the shiny supertall tower that rose across the street at 1 Vanderbilt Ave.
Sometimes changes have different intentions, such as when the Durst Organization changed 4 Times Square about five years ago into the more traditional-sounding 151 W. 42nd St.
“They wanted to distance themselves from the craziness in Times Square,” said one broker.
In a statement, Durst Organization explained the move by noting the primary physical entrance to the office building is on 42nd Street facing Bryant Park rather than in Times Square. Meanwhile, Durst kept the 4 Times Square branding for the building’s retail spaces.
Over on West 34th Street, the towers at 1 and 2 Penn Plaza are now Penn 1 and Penn 2 after Vornado Realty Trust spent more than $1 billion modernizing these 1960s-era buildings. Penn 1, which was completed first, is commanding 30% more rent than before the 2019 rebrand, or about $100 per square foot.
Vornado wouldn’t comment on the address change. Dan Shannon, an architect who worked on the project, said “plaza” had an old-fashioned connotation that doesn’t fit with the Penn area’s refreshed towers and public spaces.
“A new name conveys new ambition,” said Shannon, managing director at MdeAS.
Or, as Piper Sandler real estate analyst Alexander Goldfarb put it, “When you spend hundreds of millions redeveloping a building, you want a new name.”
But you can’t always get what you want. The owner of 45 E. 53rd St. wanted to change to a Park Avenue address, but city officials said no. Although buildings located on the corner of an avenue and a side street can “pull” an avenue address to a side-street entrance, according to the Manhattan borough president’s office, 45 E. 53rd doesn’t face Park Avenue. The city’s aim is to prevent cases like that of 1325 Sixth Ave., a tower developed in 1989 that’s actually on West 53rd Street and closer to Seventh Avenue than Sixth.
New name mojo
Sometimes the need for change is obvious, such as when 666 Fifth Ave. changed its address four years ago to 660 Fifth. The New York Post described the old address as “diabolical,” and Brookfield wanted a fresh start after acquiring the tower from the Kushner family. Around the same time, 666 Third Ave. changed to 6 Grand Central. Owner Tishman-Speyer declined to comment.
The first building to see the potential of Grand Central as a business address was 140 E. 45th St., developed in the 1980s by Harry Macklowe, who was referring to it as 2 Grand Central Tower in a 1997 mortgage document filed with the city. In 2009, 60 E. 42nd St. became 1 Grand Central Place, a move that its owner, the Malkin family, said “confirms the building’s reputation as the premier prewar trophy property within the Grand Central district.” The 1.2 million-square-foot tower is 92% leased, up from 79% a decade ago.
The mojo carried over to 10 Grand Central, whose leased rate has climbed to 93% since shedding its Third Avenue address, a high figure for a building its age. Some tenants seem to like the Art Deco touches of the building designed by architect Ely Jacques Kahn; Ayn Rand worked in his office for six months while writing The Fountainhead. Other tenants appreciate 10 Grand Central’s remodeled lobby scented with Baccarat perfume, ample outdoor terrace spaces upstairs and open floor plans with hidden columns.
“We chiseled beams from the ceiling to get an extra half-inch of space,” Deitelzweig said. “Little things like that add up.”
Marx Realty signs 22,000 s/f in leases at 10 Grand Central
Manhattan, NY Marx Realty shared that telemedicine giant Teladoc Health has expanded and extended its lease at 10 Grand Central. The firm will more than double its footprint at the repositioned office tower taking a total of 15,000 s/f in a 10-year deal as it relocates its corporate headquarters from Purchase. Exiger, a cyber security and supply chain technology firm, will take 7,000 s/f in a new, seven-year lease at 10 Grand Central.
Teladoc was represented by Sean Lynch of JLL while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann, and Thomas Schwartz are leading a team handling leasing for Marx Realty. Asking rents at 10 Grand Central range from $78 to $130 per s/f
“The Teladoc story is compelling in that the firm has chosen to abandon its suburban New York headquarters in favor of the spectacular office experience and one-seat commute we offer tenants at 10 Grand Central,” said Craig Deitelzweig, CEO of Marx Realty. “10 Grand Central provides much more than just work spaces. Tenants view their office locations as recruiting tools, collaboration hubs and extensions of their own brands. The incredible leasing velocity at 10 Grand Central is proof positive that we created a new benchmark for workplace design when we pioneered the hospitality-infused aesthetic at 10 Grand Central in 2018 and we’re seeing similar success across our portfolio as we have effectively blurred the line between office and hotel.”
Marx Realty created an all-encompassing sensory experience at 10 Grand Central, starting with its bold façade featuring marquee brass fins and oversized walnut doors, attended by a uniformed doorman. Inside, the lobby showcases rich walnut wood and brushed brass accents infused with the firm’s signature scent. The 7,500 s/f indoor/outdoor lounge and club floor includes a café, a 40-seat conference space, and The Ivy Terrace – an outdoor area inspired by the elegance of a 1930s garden party. Adding to the building’s unique blend of hospitality and office space, an electric Porsche Taycan, dubbed the MarxMobile, serves as the house car.
The strong leasing momentum and incredible demand for the members only club-like amenities at 10 Grand Central have led the creation of “The Meeting Galleries,” a recently delivered suite of spaces unlike anything currently available in the market. The Meeting Galleries will encompass 11,000 s/f of well-appointed amenity space, including The Grand Gallery, capable of hosting up to 200 people in a town hall or classroom configuration; The Screening Gallery with stadium seating; The Bar Car featuring a fireplace, a pre-function area, and a lounge with a variety of seating areas and private work rooms; and The Podcast Gallery, a tech-equipped soundproof booth with state of the art production equipment.
The Galleries’ aesthetic boasts a distinctive homage to the designs of nearby Grand Central Terminal, dramatic new windows in the style of luxury train car windows, and a luxury train liner-style vibe complemented by old-school antiqued mirrored ceilings and period-specific artwork that echoes the grandeur of the Art Deco era while capturing the rheritage of the building.
“This evolution in our amenity offering at 10 Grand central is a resounding success,” said Deitelzweig. “New and existing tenants are enamored by the beauty and functionality of The Galleries as the perfect complement to the sensory experience we created at 10 Grand Central.”
Marx Realty has secured over 100,000 s/f of office and ground-floor retail space at 10 Grand Central in the last year. Tenants also include Dwayne “The Rock” Johnson’s production company, Seven Bucks Productions; insurance giant MassMutual, and international news agency Agence France-Presse. Additional notable tenants include law firm Lewis Baach and bank holding company Merchants Bancorp. Sweetgreen, Maman and Cava occupy street-level retail spaces at 10 Grand Central offering tenants convenient access to fast-casual dining options.
By: Paul Bubny
Marx Realty announced telemedicine giant Teladoc Health has expanded and extended its lease at 10 Grand Central. The firm will more than double its footprint at the repositioned office tower, taking a total of 15,000 square feet in a 10-year deal as it relocates its corporate headquarters from Purchase, NY. Exiger, a cyber security and supply chain technology firm, will take 7,000 square feet in a new, seven-year lease at 10 Grand Central.
Teladoc was represented by Sean Lynch of JLL while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann, and Thomas Schwartz are leading a team handling leasing for Marx Realty.
“The Teladoc story is compelling in that the firm has chosen to abandon its suburban New York headquarters in favor of the spectacular office experience and one-seat commute we offer tenants at 10 Grand Central,” said Craig Deitelzweig, CEO of Marx Realty.
Marx Realty Signs 17,000 SF of Tech Firm Leases at 10 Grand Central
Marx Realty announced that telemedicine giant Teladoc Health has expanded and extended its lease at 10 Grand Central. The firm will more than double its footprint at the repositioned office tower for a total of 15,000 square feet in a 10-year deal as it relocates its corporate headquarters from Purchase, NY. Exiger, a cybersecurity and supply chain technology firm, will take 9,000 square feet in a new, seven-year lease at 10 Grand Central.
Teladoc was represented by Sean Lynch of JLL while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann and Thomas Schwartz are leading a team handling leasing for Marx Realty. Asking rents at 10 Grand Central range from $78 to $130 per square foot.
“The Teladoc story is compelling in that the firm has chosen to abandon its suburban New York headquarters in favor of the spectacular office experience and one-seat commute we offer tenants at 10 Grand Central,” said Craig Deitelzweig, CEO of Marx Realty. “10 Grand Central provides much more than just workspaces. Tenants view their office locations as recruiting tools, collaboration hubs and extensions of their own brands. The incredible leasing velocity at 10 Grand Central is proof positive that we created a new benchmark for workplace design when we pioneered the hospitality-infused aesthetic at 10 Grand Central in 2018 and we’re seeing similar success across our portfolio as we have effectively blurred the line between office and hotel.”
Marx Realty created an all-encompassing sensory experience at 10 Grand Central, starting with its bold façade featuring marquee brass fins and oversized walnut doors, attended by a uniformed doorman. Inside, the lobby showcases rich walnut wood and brushed brass accents infused with the firm’s signature scent. The 7,500-square-foot indoor/outdoor lounge and club floor includes a café, a 40-seat conference space and The Ivy Terrace – an outdoor area inspired by the elegance of a 1930s garden party. An electric Porsche Taycan, dubbed the MarxMobile, serves as the house car.
The building also offers “The Meeting Galleries,” a recently delivered 11,000 square feet of amenity space, including The Grand Gallery, capable of hosting up to 200 people in a town hall or classroom configuration; The Screening Gallery with stadium seating; The Bar Car featuring a fireplace, a pre-function area, and a lounge with a variety of seating areas and private work rooms and The Podcast Gallery, a tech-equipped soundproof booth with state of the art production equipment.
“This evolution in our amenity offering at 10 Grand central is a resounding success,” said Deitelzweig. “New and existing tenants are enamored by the beauty and functionality of The Galleries as the perfect complement to the sensory experience we created at 10 Grand Central.”
Teladoc to relocate headquarters from New York suburb to ManhattanBy Andria Cheng
Teladoc Health is moving its headquarters to 10 Grand Central near Manhattan’s Grand Central Terminal. (Marx Realty)
Telemedicine provider Teladoc Health is moving its headquarters from the New York suburb of Purchase to Manhattan.
The telehealth firm is more than doubling its footprint to 15,000 square feet in a 10-year deal at Manhattan’s 10 Grand Central at 155 E. 44th St. as it plans to move its corporate headquarters from Purchase, New York, to the city, landlord Marx Realty said Wednesday in a statement.
The lease comes as 10 Grand Central, steps from Grand Central Terminal transit hub, has been renovated to feature amenities such as a 7,500-square-foot indoor and outdoor lounge and club floor. The building, seeking to offer tenants hotel-like amenities, also features an electric Porsche Taycan that serves as the house car. Marx Realty said it recently also created “The Meeting Galleries,” a suite of spaces that feature a town hall space that can host up to 200 people; a screening gallery with stadium seating; and a podcast studio.
“The Teladoc story is compelling in that the firm has chosen to abandon its suburban New York headquarters in favor of the spectacular office experience and one-seat commute we offer tenants,” said Craig Deitelzweig, CEO of Marx Realty. “Tenants view their office locations as recruiting tools, collaboration hubs and extensions of their own brands. … We’re seeing similar success across our portfolio as we have effectively blurred the line between office and hotel.”
In addition to Teladoc, Exiger, a cybersecurity and supply chain technology firm, also is taking 7,000 square feet in a new, seven-year lease at 10 Grand Central, Marx said, adding that Exiger is relocating from 230 Park Ave.
Teladoc was represented by Sean Lynch of JLL, while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann and Thomas Schwartz are leading a team handling leasing for Marx Realty.
Asking rents at 10 Grand Central range from $78 to $130 per square foot.
Marx Realty has inked over 100,000 square feet of office and ground- floor retail space at the building in the last year, with its high-profile tenants also including Dwayne “The Rock” Johnson’s production company, Seven Bucks Productions; insurance giant MassMutual; and international news agency Agence France-Presse. Sweetgreen, Maman and Cava occupy street-level retail spaces at the property.
For the record
Teladoc was represented by Sean Lynch of JLL, while Exiger was represented by Mitchell Konsker and Simon Landsmann of JLL. JLL’s Mitchell Konsker, Carlee Palmer, Simon Landmann and Thomas Schwartz are leading a team handling leasing for Marx Realty.