August 3, 2023

By Julian Nazar  –  Staff Reporter, New York Business Journal

Leaf Home, a Hudson, Ohio-based provider of home improvement products, will be opening its first New York City office at Midtown office tower 10 Grand Central in September.

This deal continues the strong leasing momentum at Marx Realty’s office property.

In the past year, more than 90,000 square feet of ground-floor retail and office space has been leased at 10 Grand Central.

“We have seen more activity in terms of leasing and tours than any other property in the Grand Central neighborhood,” Marx Realty’s CEO and President Craig Deitelzweig said in a statement. “The leasing velocity around 10 Grand Central has remained steady during the current office cycle due to the highly differentiated product offering here and across our portfolio.”

Notable amenities at the property include a 7,500-square-foot indoor/outdoor lounge and club floor with an outdoor space called “the Ivy Terrace” as well as a luxury electric Porsche Taycan that tenants can use for transportation around Manhattan.

Leaf Home is the latest company to be attracted by the amenity offerings.

The company will occupy 10,000 square feet in a pre-built space on the 15th floor of the building that includes four private outdoor terraces.

The lease is for five-and-a-half years and asking rent was $92 per square foot.

The space will serve as headquarters for Leaf Home’s marketing operations. The company is known for its LeafFilter gutter protection technology.

Leaf Home was represented by CBRE’s Maxwell Tarter on the deal. Marx Realty was represented by JLL’s Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Swartz.

Asking rents at the Midtown office tower range between $68 and $120 per square foot.

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