Three new leases signed at Grand Central office tower

June 6, 2022

Three new leases totaling 16,000 square feet of office and retail space were signed at 10 Grand Central, marking 51,000 square feet of space leased at the tower since April. 

“10 Grand Central continues to play a pivotal role in Midtown Manhattan’s ongoing return to the office,” Marx Realty CEO Craig Deitelzweig said. 

Marx Realty owns 10 Grand Central, which is located at at 155 E. 44th St.

Merchants Bancorp and Strata Equity Group have secured office space for their first New York City locations that will serve as their regional headquarters while Maman, a French bakery, has grabbed a ground floor retail space. 

Merchants Bancorp signed a 10-year, 10,000-square-foot lease on the building’s 24th floor. 

Strata Equity Group signed a 7-year, 3,000-square-foot lease on the building’s 23rd floor. 

Maman’s ground floor space spans 3,000 square feet with a 10-year lease term with frontage along 44th Street. Little Collins Australian cafe’, Mediterranean restaurant Cava and salad chain Sweetgreen are nearby tenants. 

“The latest leasing activity at 10 Grand Central proves the building is positioned as an ideal location for both national and international high-profile companies looking to have a presence in New York,” Deitelzweig said. 

New tenants in the building include HLTH, a conference organizer for health innovation; LIV Golf Inc., a golf investing company; Seven Bucks Productions, Mass Mutual, international news agency Agence France-Presse and weekly online news magazine, The Week. 

Asking rents in the building are between $65 to $120 per square foot. 

JLL’s Mitchell Konsker, Benjamin Bass, Kip Orban, Carlee Palmer, and Thomas Schwartz are leading a team handling the leasing for Marx Realty.