Marx Unveils Plans for Penthouses at 10 Grand Central
Marx Realty will transform the top five floors at its 10 Grand Central office tower into a suite of penthouse offices, with asking rents of $130 per square foot. They can be configured as 5,000-square-foot single-floor leases or combined into a 10,000-square-foot duplex space or 15,000-square-foot triplex.
The Penthouse Collection at 10 Grand Central will include private elevators from the tower’s redesigned lobby. A grand staircase will connect the two uppermost floors.
“The next logical step after bringing our one-of-a-kind hospitality aesthetic to 10 Grand Central was to provide the ultimate office experience for high-end users,” said Craig Deitelzweig, president and CEO of Marx Realty. “This penthouse experience will be like nothing else in the New York market.”
The company has signed more than 178,000 square feet of leases since unveiling its $48-million repositioning of the 36-story tower. JLL’s Cynthia Wasserberger, Sam Seiler, David Kleiner and Carlee Palmer handle leasing.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).