New Fintech tenants at 10 Grand Central
Already secured the likes of Merchants Bancorp, Bucks Productions and the online news magazine The week as part of its listing, Marx Realty recently closed on three additional leases with fintech companies at 10 Grand Central. More specifically, Fin Capital will occupy 5,212 square meters on 33rd floor of the 35-story office in Midtown Manhattan. Meanwhile, DIF Capital Partners and Colibri Equity Ventures will open their offices on the 23rd floor, having agreed on 3,745 square meters and 2,915 square meters respectively. Asking rents ranged between $87 and $99 per square foot.
JLL’s Mitchell Konsker, Simon Landmann, Kyle Young, Carlee Palmer and Thomas Swartz negotiated on behalf of Marx Realty. JLL’s Palmer also handled Colibri Equity’s deal. In addition, CBRE’s Anthony Manginelli and Jeff Kilimnick handled the deal for DIF Capital, and Gabi Koshgarian of Vicus Partners represented Fin Capital.
“10 Grand Central continues to attract outstanding tenants,” said Craig Deitelzweig, president and CEO of Marx Realty. “The building’s repositioning strategy and role in Midtown Manhattan’s post-pandemic rebirth has resonated with the market, and it is incredibly exciting to elevate 10 Grand Central’s position as one of Midtown’s most exciting office offerings.”
Designed by Ely Jacques-Kahn, 10 Grand Central has undergone major renovations since 2019. The effort — led by David Burns, principal of Studios Architecture — was part of Marx Realty’s repositioning strategy for the 359,000-square-foot tower. In particular, the new facade has soaring brass fins and oversized walnut doors. The lobby has also been refurbished, and boasts a 7,500 square meter indoor/outdoor lounge and club floor. The property also has a 40-seat conference room and a 1930s-inspired garden party outdoor space, called The Ivy Terrace.
“10 Grand Central has more terraces than floors,” said Marx Realty President & CEO, Craig Deitelzweig. “The Ivy Terrace is just one of 44 terraces. Our repositioning strategy brought back several outdoor terraces that were once underutilized and undervalued and are now a key amenity for many in the building’s notable tenant roster.”
This year, leases at 10 Grand Central increased to more than 50,000 square feet of ground-floor office and retail space. The building is home to notable companies, such as: real estate investment and management firm Strata Equity Group; conference organizer for health innovation HLTH; golf investment and tour management company LIV Golf Inc.; real estate investment firm Benenson Capital Partners; and the international news agency Agence France-Presse.
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