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March 10, 2020 Comments Off on Hedge Fund Snags Last Pre-built at 10 Grand Central Views: 782 Midtown New York, New York News

Hedge Fund Snags Last Pre-built at 10 Grand Central

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Investment management firm Rubric Capital signed a 5,800-square-foot, seven-year lease on the 16th floor at Marx Realty’s 10 Grand Central. Rubric Capital secured the last of the pre-built suites at 10 Grand Central, as ownership begins to attract companies to fill 25,000 square feet of its Penthouse Collection on the 32nd to 36th floors.

“This hedge fund joins a truly remarkable roster of tenants that includes well-known firms representing industries ranging from media and technology to financial and business service entities,” said Marx CEO Craig Deitelzweig. “The repositioning continues to draw high-profile tenants attracted to 10 Grand Central’s first-of-its-kind hospitality-infused aesthetic.”

Marx Realty has signed 184,000 square feet of new leases since announcing the building’s repositioning in mid-2018. Occupancy has increased from 78% to 95%.

JLL’s Cynthia Wasserberger, Sam Seiler, David Kleiner and Carlee Palmer are handling the leasing for Marx Realty. Rubric Capital was represented by Cushman & Wakefield.

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