Two Foundations Lease at One Grand Central Place
By Lauren Elkies Schram June 24, 2014 8:00 am
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Robertson Foundation and The Wexner Foundation have leased nearly 16,000 square feet at One Grand Central Place, also known as 60 East 42nd Street.
Robertson Foundation, a private grant foundation which provides financial support to top non-profit organizations serving needy New York City families, will occupy the entire 12,700-square-foot 39th floor in the building between Park and Madison Avenues. The asking rent was $62.60 per square foot. Robertson signed a lease for 10 years and five months, a spokesperson for the landlord, Empire State Realty Trust, said.
The Wexner Foundation, which focuses on the development of Jewish professional and volunteer leaders in North America and public leaders in Israel, leased 3,136 square feet on the 17th floor. The asking rent in the roughly five-year deal was $54 per foot.
“We are thrilled to welcome Robertson Foundation and Wexner Foundation to One Grand Central Place,” Thomas P. Durels, chief of property operations and leasing for Empire State Realty Trust, said in a prepared statement.
Other recent leases at the building include Great American Insurance Company, which took 3,162 square feet, Auriga Capital Management which snapped up 2,688 square feet and Mutual of Omaha scooped up 2,226 square feet.
JLL‘s Barbara Winter, Cynthia Wasserberger, Martin Horner and Reid Longley represented Robertson Foundation in the transaction. Cushman & Wakefield‘s Dale Schlather and Tyler McNeil negotiated the deal on behalf of Wexner. Ms. Winter did not immediately respond to a request for comment and nor did Mr. McNeil. Mr. Schlather referred a reporter to Wexner.
