10 Grand Center Terminal gets a renewal

When the office tower owner must move his headquarters to make room for another tenant there, this means that the building is more hot.

It is happening in Marx Realty’s 10 Grand Central, the 450,000 square feet of ART DECO property, previously known as 708 Third Ave.

The tyrant has been a rental since then. About 27,000 square feet of new deals brought its offices to more than 95 % talking about them.

Marx will expand from 9000 square feet on the seventh floor to 11,000 square feet on the eleventh floor. This step will make more than 1-800 flows, which will move to the old Marx area of a smaller subcontractor on the eighteenth floor.

Detilzoj told us: “I have never seen 24 -year -old career, as many tenants are expanding or wanting to do so.”

Hayfin Management from the GM building will move to a similar area of 7000 square feet on the sixteenth floor of Grand Central-which became available when Tladoc expanded to the seventeenth floor.

He said that companies have been frequently growing during the epidemic and after a short period “thinking about hybrid work will continue forever. Now, people in their offices are four or five days a week.”

He said that Marx raised rents at 10 GCT four times in the past 12 months “from $ 82 per square foot to $ 130”, and soon to $ 230 on two previous mechanical floors in the upper part that is converted into “All-Glass” offices.

A new tie is meeting exhibitions, a 11,000 square feet complex with four different spaces to accommodate corporate meetings and events, including the “City Hall” hall. The seats, murals and artwork were chosen for a luxury train proposal in the thirties of the twentieth century.