The Real Deal New York

Turkish trade group inks 28K sf lease at 10 East 34th St.

Caerus Group is repositioning the building, which it bought for $52M earlier this year

October 17, 2016 08:21AM

10 East 34th Street and Leo Tsimmer (inset)

10 East 34th Street and Leo Tsimmer (inset)

A Turkish trade group has signed a lease for nearly 30,000 square feet of office space at the Caerus Group’s 10 East 34th Street.

TTC USA Consulting Corp. inked a lease for 27,750 square feet across five floors at the 10-story property near the Empire State Building, the Wall Street Journal reported.

Asking rents for the space started at $65 per square foot.

TTC was drawn to the space because it could house different industries and products made in Turkey on separate floors, said ABS Partners’ TRData LogoTINY Andy Udis, who represented Caerus with colleague Ronald Zimmerman.

With this deal locked up, the office portion of the building is fully leased, with an additional 9,000 square feet of retail on the ground floor and lower level still available.

CBRE brokers Snezana Anderson, Bernhard Weinstabel and Paul Walker represented TTC.

Caerus, led by Leo Tsimmer, bought the building earlier this year in February for $52 million and is redoing the façade and making other improvements to appeal to TAMI tenants. [WSJ, 3rd item] – Rich Bockmann