February 1, 2024

Four new leases have been signed at New York City office building 10 Grand Central in Midtown.

• The Completed Life Initiative signed a 10-year lease for around 7,700 square feet on the 10th floor. Lantern Real Estate Advisors’ Matthew Seigel and Jessica Adler represented the health consultant on the deal.
• Law firm Freedman Normand Friedland signed a 5,400-square-foot, 10-year lease on the ninth floor. CBRE’s David Kleinhandler represented the company on the deal.
• Rebalance Management inked a seven-year lease for approximately 2,800-square feet on the 10th floor for its first New York City office. Spaces Commercial Real Estate’s Jack Cohen represented in the investor on the deal.
• Bancorp Bank signed a 10-year lease for an approximately 2,800-square-foot space on the 10th floor. JLL’s Scott Ansel represented the bank on the deal.

JLL’s Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Swartz represented the landlord, Marx Realty, on all of the deals.

The deals “not only affirm the success of our repositioning strategy, but also highlight a notable resurgence, with building activity now exceeding pre-Covid levels,” Marx Realty’s President and CEO Craig Deitelzweig said in a statement.

Asking rents in the building range from $68 to $108 per square foot.

With these signings, the building is now 90% leased.

Notable tenants at the building include Dwayne Johnson’s production company Seven Bucks Productions, insurance company MassMutual and international news agency Agence France-Presse.

Since 2023, more than 94,000 square feet of office and ground-floor retail space have been leased at 10 Grand Central.

“The past 12 months have been the strongest in leasing for the building since it first opened in 1932,” Deitelzweig said in the statement.

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