Amazon buying building, Manolo Blahnik taking new flagship space — and more in this week’s office and retail news
March 13, 2020
Amazon’s reported $1.15 billion purchase of the former Lord & Taylor building from WeWork might be the headline deal of the week, but it was far from the only transaction in New York City.
Here’s a look at who grabbed new office and retail space around New York City over the past few days:
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New offices for investment management firm
Rubric Capital Management LP signed a lease for the 16th floor at 10 Grand Central.
The seven-year lease is for 5,800 square feet at 155 E. 44th St. and is the last of the pre-built suites at the property.
Marx Realty is the building’s owner. The company has signed 184,000 square feet of new leases since mid-2018, when it announced the building’s $48 million renovation. Occupancy is up to 95 percent, Marx Realty said in a press release.
Cynthia Wasserberger, Sam Seiler, David Kleiner and Carlee Palmer of JLL are handling the leasing for Marx Realty. Rubric Capital was represented in the lease deal by Cushman & Wakefield. The asking rent was $88 per square foot.
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