Marx Realty Signs 24,000 s/f in leases at 10 Grand Central

Manhattan, NY Marx Realty (MNPP), a New York-based owner, developer, and manager of office, retail, and multifamily property across the U.S., completed two tenant expansions totaling 24,000 s/f at 10 Grand Central. The transactions are part of an ongoing restack effort and reflect continued leasing activity at the building.

Merchants Bancorp expanded from 8,700 s/f on the 24^th floor to 18,000 s/f on the 14^th floor. TMF Group signed a new lease to relocate from 3,000 s/f on the 9th floor to 6,000 s/f on the 34^th floor. Both tenants doubled their footprints.

“We are pleased to see tenants expand within 10 Grand Central,” said Craig Deitelzweig, CEO of Marx Realty. “These expansions reflect our continued focus on the tenant experience and workplace quality.”

The TMF Group and Merchants Bancorp expansions represent the final phase of a broader restack at the property, which has included recent moves and expansions by Green Street, 1-800-Flowers, Marx Realty’s headquarters, and Hayfin Capital Management.

Merchants Bancorp was represented by Chris Foerch of Savills, while Jason Roberts of JLL represented TMF Group. Mitchell Konsker, Thomas Schwartz, Carlee Palmer, and Nicole Danyi of JLL represented Marx Realty on both transactions.

Leasing activity has also been supported by the completion of The Meeting Galleries, an 11,000 s/f amenity offering four reservable spaces. The amenity includes a 200-seat town hall lounge, a pre-function space, a sound-attenuated podcast room, and a theater room. The Meeting Galleries are complemented by a 7,500 s/f indoor/outdoor club floor.