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Marx Realty Secures Expansions by Two Tenants at 10 Grand Central

Marx Realty secured two significant tenant expansions totaling 24,000 square feet at 10 Grand Central. The two deals represent an ongoing restack effort at the Midtown Manhattan tower.

Bank holding company Merchants Bancorp will expand from its 8,700-square-foot space on the 24th floor to an 18,000-square-foot space on the 14th floor. Global professional services firm TMF Group finalized a new lease to move from 3,000 square feet on the ninth floor to a 6,000-square-foot space on the 34th floor.

“We remain committed to continuously elevating the tenant experience and are steadfast in our goal to create a workplace experience that inspires people every day,” said Craig Deitelzweig, CEO of Marx Realty. “These expansions illustrate the success of our vision.”

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

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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