News: Owners Developers & Managers

Marx Realty inks two new leases totaling 14,000 s/f at 10 Grand Central

Manhattan, NY Marx Realty (MNPP) secured two new leases at 10 Grand Central. Brenton Point will take 9,000 s/f on the building’s 24th floor and Cornerstone will occupy 5,000 s/f on the second floor.

Cornerstone was represented by Josh Pernice (CBRE) while Brenton Point was represented by Owen Reda and Gary Davies (CBRE). A JLL team of Mitchell Konsker, Thomas Schwartz, Carlee Palmer, and Margaux Kelleher represented Marx Realty.

“These leases reflect the range of top-of-line companies choosing 10 Grand Central and the beautiful experience we offer,” said Craig Deitelzweig, CEO of Marx Realty. “Brenton Point and Cornerstone will each benefit from an environment that brings together thoughtful design, highly personalized service and an extensive collection of hospitality-inspired amenities. We are excited to welcome both companies to the building.”

The curated amenity collection at 10 Grand Central encompasses 20,000 s/f of club-like spaces designed to support work, meetings and social gatherings throughout the day and into the evening. The seventh-floor lounge offers a variety of seating areas, a café serving freshly ground cappuccino, a gelato machine and a 40-person boardroom. It opens into the Ivy Terrace, an outdoor workspace and gathering area inspired by a 1930s French garden party. Tenants also have access to the Marx Mobile, a reservable Porsche Taycan offering a level of service more commonly associated with luxury hotels.

The Meeting Galleries, introduced on the 11th floor in 2025, expanded the building’s hospitality offering with a 200-person town hall, podcast studio and screening room. The space also includes Highball LTD, a speakeasy experience created in partnership with the operators of acclaimed East Village cocktail bar Please Don’t Tell. Together, these destinations offer a package of distinctively designed venues for meetings, private events and social gatherings from morning through evening.

Marx Realty’s comprehensive reimagining of 10 Grand Central draws on the building’s architectural heritage and its proximity to Grand Central Terminal. References to the golden age of luxury train travel appear throughout the property, combining 1930s-inspired glamour with the functionality of a modern workplace. This approach is also reflected in Marx Realty’s recently expanded headquarters adjacent to The Meeting Galleries.

Located steps from Grand Central, the building continues to attract tenants seeking a central location, distinctive design and a hospitality-forward office experience. The building is 98% occupied,.

MORE FROM Owners Developers & Managers

Airbnb contributes $600,000 in support of a new NYC Housing Partnership program

Manhattan, NY Forty-five New York City households achieved first time homeownership in the first seven months of this year through a new program offered by the NYC Housing Partnership, supported by a multiyear grant from Airbnb. Another 32 households have secured mortgage pre-approvals and are on their way to homeownership.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations