Frederick and Michaels of Cassidy Turley handle lease renewals; CBRE, Grubb & Ellis and Centric Advisors assist

According to Cassidy Turley, Metropolitan Bank and New Millennium Group have renewed their leases at 10 East 53rd St. Financial Services Volunteer Corp, USS Holding and Gridley & Co. have signed new leases in the plaza trophy building. Metropolitan Bank will be renewing their lease on the ground floor and concourse level for 5,045 s/f of retail space at the location. New Millennium Group, a boutique executive search firm, will be renewing its lease for 2,079 s/f on the 25th floor. Financial Services Volunteer Corp, a not-for-profit, private-public partnership, has signed a 10-year lease term for the entire 35th and 36th floors which totals approximately 17,774 s/f. The tenant was advised by Jim Emden of CBRE and Ira Rovitz of Grubb & Ellis (G&E). In addition, USS Holding and Gridley & Co., a boutique investment bank, have leased space together in the building. Both companies will occupy the entire 24th floor, totaling approximately 7,446 s/f. Patrick Robinson and Lindsay Ornstein of Centric Advisors represented the tenant. "We were happy to have assisted all of these diverse companies and meet their respective needs," said Jim Frederick, executive managing director at Cassidy Turley. "10 East 53rd St. is an ideal location in the heart of midtown and will help each company continue to serve their clients and employees, as well as offer the space to grow and expand in the future if they so desire. The central location of building is ideal for its tenants, as well as their employees and clients. The property is currently 97.5% leased." Assisting Jim Frederick, executive managing director, in the transactions was Dick Michaels, managing director at Cassidy Turley. Cassidy Turley is a leading commercial real estate services provider in the U.S., with 420 million square feet of managed space, 58 locations across 19 national markets, and $13 billion in completed transactions for 2009. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. Through its diverse team of experienced professionals, Cassidy Turley focuses on the needs of its clients, offering end-to-end services delivered across a full spectrum of commercial real estate including Capital Markets, Corporate Services (which supports more than 25,000 locations), Landlord and Tenant Representation and Property and Project Management. The firm also offers specialty services and industry focused practice groups as well as world class market research. In addition, Cassidy Turley is a leader in assisting clients to create more sustainable workplace environments. The firm recently ranked in the Top 10 on the Lipsey Co.'s Commercial Real Estate Top Brands Survey. Please visit www.cassidyturley.com for more information about the company.