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Deals & Dealmakers

Monster renews at 622 Third Ave.

Monster Worldwide, the parent company of job searching website, is staying at Charles S. Cohen’s 622 Third Avenue for another decade.

The company, which provides job seeking, career management, recruitment and talent management products and services, has signed a 10-year, 30,000 s/f lease renewal comprising the entire 39th and a portion of the 37th floor at the 39-story, one-million square-foot tower located in the Grand Central district.
“We’re delighted that this prestigious online company has chosen to maintain their New York headquarters at 622

Third Avenue,” stated Charles Cohen, who transformed the former Empire Blue Cross/Blue Shield Building into a Class A office tower now known as Grand Central Plaza after acquiring the property in the late 1990s.

Charles Cohen
Charles Cohen

“It speaks volumes about the growing popularity of the Third Avenue corridor as a destination for tech firms.”

Marc Horowitz, Senior Vice President/Director of Office Leasing for Cohen Brothers Realty Corporation, represented the building’s ownership in-house in the long-term leasing transaction, while Paul Spiegel and John Griffin of Scopa CRE represented the tenant. Asking rents were $63 per square foot.

Located between 40th and 41st Streets, the property, which has base floors of 32,000 s/f available for lease, features a newly renovated outdoor plaza, lobby, rooftop garden and public spaces designed by architectural firm Moed de Armas& Shannon.

Thomas Balsely & Associates served as landscape architect for the outside public spaces and lighting of the building was designed by Howard Brandston.

Current tenants at 622 Third Avenue include Hill Holiday, Erwin Penland, MRM Casanova, Draft & Draft, Orion, Area 23, Cooper-Horowitz, TMP Worldwide, and Sterling National Bank.

After pioneering the business of digital recruiting in 1994, Monster Worldwide started as an online “job board” and quickly grew its business platform as the only online recruitment provider able to service customers on a global basis. It currently has a presence in approximately 50 countries around the world.

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