MassMutual signs lease for new office space

MassMutual has signed for 22,000 square feet for 10 years at Marx Realty’s 10 Grand Central, the Ely Jacques Kahn-designed office tower previously known as 708 Third Ave.

It’s the latest advance for the property where Marx recently spent $48 million to move the entrance off the avenue onto East 44th Street and to create a new lobby, lounge, outdoor terrace and conference space.

The MassMutual lease brings the 405,000-square- foot tower to 91 percent occupied, up from 78 percent just one year ago. Recent signings include Agence France-Presse, 23 Capital and Everside Capital Partners.

Only 34,000 square feet are still available. Marx CEO Craig Deitelzweig credited the leasing boom to the building’s “proximity to Grand Central Terminal and game-changing design sensibility.”

Asking rents range from $72 to $120 per square foot.

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