News: Brokerage

Henderson of Marx Realty finalizes 3,500 s/f retail at 10 Grand Central; Klinger of The Shopping Center Group reps. Sweetgreen

Henry Henderson, Marx Realty

 

Jacqueline Klinger of The Shopping Center Group

 

Manhattan, NY According to Marx Realty, a locally-based owner, developer and manager of office, retail and multifamily property across the U.S., Sweetgreen, has signed a 3,500 s/f lease for a new location at 10 Grand Central. The fast-casual chain is slated to open in late summer and will front 44th St. Tenants at 10 Grand Central will be able to place individual or catering orders directly through the use of the new Marx Connect app available in all Marx buildings.

Marx Realty was represented in-house by Henry Henderson, vice president of leasing. Sweetgreen was represented by Jacqueline Klinger of The Shopping Center Group. 

“We are happy to welcome this popular dining option to our already diverse dining menu at 10 Grand Central,” said Craig Deitelzweig, president and CEO of Marx Realty. “Sweetgreen joins foodie favorites like Little Collins, Mulberry & Vine, and Inday and we are excited to bring another option for dining at 10 Grand Central. Sweetgreen and Little Collins will definitely elevate the dining experience for tenants at 10 Grand Central as well as for those in the Grand Central neighborhood.” 

The asking rent for the retail space was $135 per s/f. 

The building’s office space asking rents range between $82 and $132 per s/f. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of