Leases  ·  Office

Foreign Currency Exchange Company Moving Offices Within Midtown East


Travelex Currency Services, a foreign currency exchange business, has signed an 8,400-square-foot deal at the Rudin family’s 355 Lexington Avenue, Commercial Observer has learned.

The company will take a portion of the third floor in the 22-story building, which is between and East 40th and East 41st Streets. The asking rent in the 10-year transaction was $59 per square foot. Its new digs feature polished concrete floors, high ceilings, a modern pantry and glassed conference rooms.

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“We are confident that they will benefit from our building’s beautiful new pre-built space and our prime location just steps away from Grand Central Terminal,” said Michael Rudin, a senior vice president of Rudin Management Company, which operates the Rudin family’s holdings.

Travelex is moving from 122 East 42nd Street, also known as the Chanin Building, between Park and Lexington Avenues in a few weeks. At the Chanin Building, Travelex currently occupies 3,616 square feet, according to CoStar Group.

Robert Steinman of Rudin Management represented the landlord in the lease transaction, while Michael Liss and Anthony Manginelli of CBRE (CBRE) handled the deal for the tenant. The CBRE brokers declined to comment via a spokeswoman.

Other tenants in the 250,000-square-foot building include brokerage Eastern Consolidated, law firm Gordon & Silber and research agency TNS Custom Research.