US Mobile Leases Office Space In Grand Central At 11 East 44th Street

An office space located at 11 East 44th Street in the Grand Central market has been leased. The asset spans approximately 7,790 square feet and was leased by US Mobile.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Lease
• Address: 11 East 44th Street
• Market: Grand Central
• Tenant: US Mobile

The landlord of the property is Delv Holdings, owned by Claudio Del Vecchio. The representation for the deal was provided by Matthew DeRose and William Janetschek from Nomad Group, along with Chris Medeiros.

Asking rent for the lease was $52 per square foot.

Note: The Del Vecchio family, who owns Delv Holdings, is also known for their ownership of Luxottica, the largest producer and retailer of glasses and lenses worldwide. Luxottica operates over 8,000 stores and employs more than 77,000 people. Forbes estimates Claudio Del Vecchio's father, Leonardo Del Vecchio, to have a net worth of approximately $32 billion.