Employment Company Relocates HQ to Grand Central Plaza
Terence Cullen Sept. 30, 2015, 3:30 p.m.
Employment agency Michael Page International has inked a deal for larger headquarters at Grand Central Plaza in Midtown, Commercial Observer has learned.
The firm, which recruits people globally for temporary, contract and permanent jobs, has signed a 26,500-square-foot deal at the 39-story 622 Third Avenue for more than 11 years, landlord Charles S. Cohen announced in a press release. Michael Page is slated to move to the entire 29th floor of the building between East 40th and East 41st Streets at the beginning of 2016. The asking rent in the deal was $66 per square foot.
Michael Page will be increasing its size by about 6,500 square feet. It’s currently based in about 20,000 square feet at the Chrysler Building.
“We’re delighted to welcome this industry leader to 622 Third Avenue,” Mr. Cohen said in prepared remarks. “It is yet another indication of the continued resurgence of the Third Avenue corridor as a corporate destination.”
The deal closed in early September, according to CoStar.
Marc Horowitz of Cohen Brothers Realty Corporation represented the landlord, along with Eric Ferriello, David Glassman, Robert Tunis and Joseph Cabrera of Colliers International. Simon Landsman and Giorgio Versea, then with DTZ, represented Michael Page. Mr. Versea, now with Cushman & Wakefield, was not immediately available for comment.
Michael Page won’t be the only employment-related company in the building. Monster Worldwide, the owner of job search platform Monster.com, inked a deal last November for 30,000 square feet on a full floor and part of another, as CO previously reported.