10 Grand Central Welcomes New Tenant – The Week
By Alexandra Farcas | February 5, 2019
Marx Realty announced in a recent press release that media company The Week Publication has leased 12,000 square feet of office space at 10 Grand Central tower in Midtown Manhattan.
Completed in 1931, 10 Grand Central is a 35-story building that already houses several United Nations-affiliated offices and a myriad of other prestigious tenants. Previously known as the Commerce Building at 708 Third Avenue, the Ely Jacques Khan-designed tower is nearing completion of its $45 million overhaul. The renovation will have the lobby redesigned and permanently relocated from Third Avenue to East 44th Street and will include the creation of state-of-the-art hospitality-styled amenity spaces, along with a new 5,000 square-foot lounge.
Owner Marx Realty is also creating 10 pre-built office suites ranging in size from 2,500 to 8,000 square feet. Select suites will also offer access to private terraces.
“Marx Realty has collaborated with a world-renowned team 
of designers and architects to bring these remarkable
upgrades to life at 10 Grand Central,” adds Craig
Deitelzweig, President and CEO of Marx Realty. “We are
proud to see that both current and incoming tenants are
very enthusiastic about these enormously powerful
changes. After all, office tenants view their workspace as
an extension of their brand.”
The move will relocate the U.S. division of the U.K.-based news magazine from its current headquarters at 55 West 39th Street for the coming 10 years, as they occupy the entire built-to-suit 22nd floor.
Clyde Reetz of CBRE represented The Week Magazine in the lease transaction. Leasing efforts on behalf of Marx Realty are led by JLL’s Howard Hersch, Sam Seiler and Cynthia Wasserberger.
More information on the project can be accessed here http://10grandcentral.com/
.