Clune Construction Relocates 23K SF HQ to Durst's Murray Hill Building

Amid the vibrant landscape of Manhattan's Murray Hill submarket, a new chapter unfolds with Clune Construction’s lease signing at 655 Third Avenue. The 23,437-square-foot lease marks a significant move for the company, relocating its NYC headquarters to the 10th floor of this prestigious high-rise owned by The Durst Organization.

The momentum continues as Empire State Development secures a substantial 117,181-square-foot deal within the same building, indicating a growing trend of key players investing in this prime location. With the company set to occupy multiple floors, the strategic move is poised to make a considerable impact within the business community, with a scheduled move-in for the current year.

These recent developments have substantially boosted the occupancy rate of 655 Third Avenue, propelling it from 52 percent in 2022 to an impressive 85 percent. The diverse array of tenants that call this 30-story office building home includes esteemed names such as Abacus Group, Big East Conference, and Shinkin Central Bank, adding to the allure and vibrancy of this sought-after address.

Embracing Sustainability

A beacon of environmental consciousness, 655 Third Avenue proudly boasts its LEED Gold certification earned in 2019. This high-rise marvel has undergone a green transformation, now flaunting eco-friendly amenities like lush green roofs and energy-efficient double-glazed windows. Noteworthy is the cutting-edge certification under LEED V4 for Existing Buildings: Operations + Maintenance, solidifying its commitment to sustainability.

An Urban Gem

Nestled merely a block away from the iconic Grand Central Terminal, 655 Third Avenue enjoys a prime location near various bus stops. Its strategic positioning places it just 3 miles from Long Island City, 4 miles from the bustling Lower Manhattan, 8 miles from the trendy Upper Manhattan, and a convenient 9-mile distance from the vibrant Brooklyn neighborhood in New York.

A Business Venture Unveiled

A recent commercial endeavor unfolded with executives from The Durst Organization and Savills negotiating a significant office deal in Manhattan. Paramount Group secured a 74,000-square-foot lease at 1301 Avenue of the Americas in Midtown. The prestigious Class A office property welcomed Citizens Bank as its latest tenant.

An Expert Collaborative Effort

The negotiation process was orchestrated by key figures in the commercial leasing realm. Tom Bow, Ashlea Aaron, and Bailey Caliban represented the landlord, while John Mambrino and Nicholas Farmakis negotiated on behalf of Clune Construction. Their expertise and acumen played a pivotal role in closing the deal successfully.