Newswire Mann Report

Marx Realty Signs Three at 10 Grand Central

10 Grand Central - The Lounge

DIF Capital Partners, Colibri Equity Ventures and Fin Capital have signed long-term leases totaling 11,872 square feet at 10 Grand Central, announced landlord Marx Realty. Global asset manager Fin Capital will be taking the entire 5,212-square-foot space on the 33rd floor while global independent fund manager DIF Capital Partners and venture capital firm Colibri Equity Ventures took 3,745 square feet and 2,915 square feet respectively on the 23s floor.

“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.”

DIF Capital Partners was represented by Anthony Manginelli of CBRE while Gabi Koshgarian of Vicus Partners represented Fin Capital. JLL’s Carlee Palmer represented Colibri Equity Ventures in the transaction. The leases asking rents ranged between $87 and $99 per square foot.

The Ely Jacques-Kahn-designed office tower underwent Marx Realty’s signature top-to-bottom reposition strategy in 2019. The building’s features include a new façade sporting marquee brass fins and oversized walnut doors, attended by a uniformed doorman; a lobby featuring walnut wood and brushed brass and a 7,500-square-foot indoor/outdoor lounge and club floor boasting oversized artwork, a café complete with built-in appliances (including a gelato machine), a 40-seat conference space and The Ivy Terrace, an inviting outdoor space reminiscent of a 1930s era garden party.

“10 Grand Central has more terraces than floors,” added Deitelzweig. “The Ivy Terrace is only one of 44 terraces. Our repositioning strategy brought back multiple outdoor terraces that were once unused and undervalued and are now a key amenity for many in the building’s remarkable tenant roster.”

The latest amenity offering at 10 Grand Central is the Marx Mobile, a branded state-of-the-art luxury electric Porsche Taycan that will serve as the building’s house car. Marx Mobile is accessible to all the building’s tenants through the company’s proprietary MarxConnect software and will transport tenants as they traverse Manhattan — east/west from the East River to Eighth Avenue and north/south from Central Park to Union Square.