Leases  ·  Office

Data Engineering Company Heads to 10 Grand Central


Data operations and delivery firm Crux Informatics has found new offices at Marx Realty’s 10 Grand Central in Midtown, the landlord announced today. 

The data management startup will depart from the Seagram Building at 375 Park Avenue for a full floor in the Art Deco office tower on the corner of East 44th Street and Third Avenue. Crux inked a seven-year, 18,000-square-foot lease for the entire 18th floor of the 35-story building. Asking rent for the space was $85 per square foot, a Marx Realty spokeswoman told Commercial Observer.

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“We’ve created a new asset class encompassing both a game-changing hospitality-infused office product and our track record of innovative building management,” said Craig Deitzelweig, CEO of Marx Realty. “Both are a big selling point for tenants underwhelmed with the level of services and finishes offered by other New York landlords.”

Marx recently completed a $48 million renovation of the property that included a mid-century-modern-style tenant lounge and outdoor terrace with seating. 

JLL (JLL)’s Howard Hersch, Sam Seiler, Brett Harvey and Cynthia Wasserberger represented the landlord. It wasn’t clear who represented Crux in the deal.

Other tenants in the building include MassMutual, Agence France-Presse, Everside Capital Partners and Dwayne “The Rock” Johnson’s company, Seven Bucks Productions.