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This Week’s N.Y. Deal Sheet

August 13, 2019 | Miriam Hall, Bisnow New York 

This week, a Midtown East building locked down a massive lease, part of a development site in Gowanus traded hands and two Manhattan hotels scored financing.

TOP LEASES

Life insurance giant MassMutual is taking 22K SF at 10 Grand Central, building owner Marx Realty announced. The lease is for the entire 12th floor, and the company is moving from 200 Park Ave. In total, the landlord has locked down 160K SF of leases at the building since it was repositioned, and is in negotiation with three tenants considering relocation into the Seagram Building, according to Marx’s release. JLL’s Howard Hersch, Sam Seiler, Brett Harvey and Cynthia Wasserberger are handling leasing for the building, where rents range between $72 and $120 per SF.

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