By Simona Tudose | August 4, 2023

The tenant signed a long-term lease at 10 Grand Central.

Outdoor amenity space, The Ivy Terrace

Marx Realty has signed a 10,000-square-foot, long-term lease agreement at 10 Grand Central, a 432,381-square-foot office building in Manhattan. Ohio-based LeafHome will establish its first New York City office on the Class A property’s 15th floor, to serve as its marketingheadquarters. CBRE negotiated on behalf of the tenant, while JLL represented the landlord.

Marx Realty picked up the asset in 2007 for $148.4 million, according to CommercialEdge. The company signed leases adding up to more than 90,000 square feet of space at 10 Grand Central during the past 12 months. The current tenant roster includes Merchants Bancorp, Benenson Capital Partners, MassMutual and Everside Capital Partners, among others, the same source reveals.

Located at 155 E. 44th St. within Manhattan’s Plaza District, the property includes 12 passenger elevators, 20,691-square-foot floor plates and 11,145 square feet of retail space.

A redesigned Manhattan tower

The 35-story office building recently underwent a renovation program and now features pre-built office suites, conference spaces, an oversized café island and four outdoor terraces. Marx Realty focused on implementing a hospitality package across its portfolio, with 10 Grand Central also offering services, such as a 7,500-square-foot indoor and outdoor lounge with artworks and a café, along with a 40-seat conference center.

CBRE’s Senior Associate Maxwell Tarter negotiated on behalf of LeafHome, while JLL’s team of Vice Chairman Mitchell Konsker, Vice President Kyle Young, Senior Vice President Carlee Palmer, assisted by Managing Director Simon Landman and Associate Vice President Thomas Swartz represented the landlord.

Recent deals in the borough include Empire State Realty Trust’s full-floor, long-term deal with Capco at the Empire State Building, as well as Jack Resnick & Sons two lease renewals totaling 108,086 square feet at One Seaport Plaza.

View the Full Article