Real Estate Weekly
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Deals & Dealmakers

Data company joins roster at 375 Park Avenue

Marx Realty (MNPP) announced that data operations and delivery firm Crux Informatics has signed a full-floor, 18,000 s/f seven-year lease on the 18th floor at 10 Grand Central.

The company is relocating from the Seagram Building at 375 Park Ave.

Marx Realty has signed 178,000 s/ft of new leases since the announcement of the building’s repositioning less than a year ago. During that time, occupancy has increased from 78 percent to 92 percent.

“We’ve created a new asset class encompassing both a game-changing hospitality-infused office product and our track record of innovative building management,” said Craig Deitelzweig, president and CEO of Marx Realty.

The recent completion of a redesigned four-story entry, marquee lobby, lounge, terrace and 40-seat conference space was part of the $48 million repositioning of the 35-story Ely Jacques-Kahn designed office tower.

JLL’s Howard Hersch, Sam Seiler, Brett Harvey and Cynthia Wasserberger are leading a team handling the leasing for Marx Realty. Asking rents range between $82 and $130 psf.

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