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LeafHome Leases 10,000 SF Marketing HQ At 10 Grand Central In Manhattan

Property Image
LEASED
$92
Thomas Swartz
Simon Landmann
+ 3

New York

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Office10,000 SF
Leased 08/03/2023
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Property Image
LEASED

LeafHome Leases 10,000 SF Marketing HQ At 10 Grand Central In Manhattan

155 E 44th St, New York, NY 10017, United States

See Similar Deals
Office10,000 SF
Leased 08/03/2023
Thomas Swartz
Simon Landmann
+ 3
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$92
Total Square Footage:10,000 SF
Transaction Type:Lease

LeafHome, a gutter protection company, has signed a 5.5-year lease for a 10,000-square-foot marketing headquarters at 10 Grand Central in Manhattan's Midtown. The property, owned by Marx Realty, was represented by JLL's brokers Carlee Palmer, Kyle Young, Mitchell Konsker, Simon Landmann, and Thomas Swartz, while CBRE's Maxwell Tarter represented the tenant. The lease was secured at an asking rent of $92 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 10 Grand Central
  • Market: Manhattan
  • Landlord: Marx Realty
  • Tenant: LeafHome
  • Landlord's Representative: Carlee Palmer, Kyle Young, Mitchell Konsker, Simon Landmann, and Thomas Swartz - JLL
  • Tenant's Representative: Maxwell Tarter - CBRE
  • Asking Rent: $92/ft
  • Lease Term: 5.5 years

The lease agreement for LeafHome's marketing headquarters at 10 Grand Central was facilitated by JLL's team consisting of Carlee Palmer, Kyle Young, Mitchell Konsker, Simon Landmann, and Thomas Swartz representing the landlord, Marx Realty. On the tenant's side, Maxwell Tarter from CBRE negotiated the lease terms. The deal was finalized with an asking rent of $92 per square foot, securing the space for a 5.5-year duration.

Players

Kyle Young
15 deals$38.2M volume
BROKER

Carlee Palmer
JLL
19 deals
BROKER

Mitchell Konsker
JLL
46 deals$542M volume
BROKER




LANDLORD

Details

LEASED
IMAGE: Kyle Young, Carlee Palmer, Mitchell Konsker, Thomas Swartz, Simon Landmann & Maxwell Tarter DATE: 08/03/2023 ADDRESS: 10 Grand Central MARKET: Manhattan ASSET TYPE: Office LANDLORD: Marx Realty TENANT: LeafHome LANDLORD'S REP: Carlee Palmer, Kyle Young, Mitchell Konsker, Simon Landmann & Thomas Swartz - JLL TENANT'S REP: Maxwell Tarter (@MaxwellTarter) - CBRE ASKING RENT: $92/ft ~ SF: 10,000 LEASE TERM: 5.5 years NOTE: LeafHome, a gutter protection company, has signed a 5.5-year lease for a 10,000-square-foot marketing headquarters at 10 Grand Central in Manhattan's Midtown. The landlord, Marx Realty, was represented by JLL's brokers, while CBRE's Maxwell Tarter represented the tenant in the transaction, with an asking rent of $92 per square foot.

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Deal Type
Effective Rent (Annual)

$1,054,676.90

Total Lease Value

$10,546,768.97

Net Landlord Cash Flow$1,054,676.90