Allianz takes nearly 7K sf at Malkin’s 1 Grand Central Place

TRD New York /
May.May 29, 2013 01:00 PM

Allianz Real Estate of America, a subsidiary of the German financial services company, signed a 10-year deal for 6,798 square feet at Malkin Holdings’ One Grand Central Place, Crain’s reported.

The company is heading east in Midtown, from 1114 Sixth Avenue at West 43rd Street to a portion of the 37th floor at 60 East 42nd Street, between Park and Madison avenues. The space had an asking rent of $59 per square foot.

Malkin attempted to draw tenants on the 37th floor of the 55-story, Depression-era building by constructing a pre-built office unit, Crain’s said.

Billy Cohen, a broker at Newmark Grubb Knight Frank, represents Malkin at the property. Fred Posniak of Malkin also helped arrange the deal with Allianz, along with Ryan Kass of Newmark.

Studley brokers Greg Taubin and Jason Perla represented Allianz, the newspaper said.

The Lincoln Building Was Renamed One Grand Central Place in 2010. [Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
From left: 86-08 Queens Boulevard, 169 First Avenue and 3540 Decatur Avenue (Credit: Google Maps)

Raymour & Flanagan purchase tops week’s mid-market investment sales

19-40 Hazen Street in Queens (Credit: Google Maps)

Art gallery linked to lone mid-market sale in NYC this week

Jordan Roeschlaub and Dustin Stolly, Newmark Knight Frank

Co-heads of Newmark’s debt team host holiday bash

Clockwise from top left: 37 Perry Street, 595 Broadway, 1424-1428 Lexington Avenue, 204 Fourth Avenue and 93 North Ninth Street (Credit: Google Maps)

Gowanus trade biggest of six mid-market investment sales this week

Clockwise from left: 2 East 55th Street, 25-25 Borden Avenue and 91 Ludlow Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

1890 Lexington Avenue and 22 St. Marks Place (Credit: Google Maps)

Here’s what last week’s $10M-$30M investment sales market looked like

From left: 254 Water Street, 45-01 Northern Boulevard and 34-08 46th Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

arrow_forward_ios
Loading...