A real estate investment advisor is relocating its offices to Midtown East, near Grand Central Terminal, Commercial Observer has learned.<\/p>\n
Landmark Management<\/a> signed a 12,168-square-foot lease on the 52nd floor of Empire State Realty Trust<\/a> (ESRT)\u2019s One Grand Central Place, according to the landlord, in a relocation from its current offices at 115 East 69th Street on the Upper East Side.<\/p>\n SEE ALSO: John Roesch Exits Meridian to Start Roesch Real Estate Group<\/a><\/p>\n ESRT did not disclose the asking rent or the length of the lease, but the average office asking rent in Midtown during the second quarter of 2026 was $86.18 per square foot, according to a report from CBRE<\/a>.<\/p>\n Ryan Kass, Jordan Berger, Shanae Ursini and Kerry Lavelle represented ESRT in-house alongside a Newmark<\/a> team of Scott Klau, William Cohen, Erik Harris,\u00a0Neil Rubin, Zachary Weil and Cole Gendels. CBRE\u2019s Christopher Corrinet and Evan Fiddle negotiated on behalf of the tenant.<\/p>\n Newmark and CBRE did not immediately respond to\u00a0 requests for comment.<\/p>\n Other tenants in the 55-story building along East 42nd between Madison and Park avenues Street include financial and consulting services firm Gerson Lehrman Group, which expanded to 95,612 square feet there in November 2025<\/a>, as well as fintech firm iCapital, which expanded to 219,928 square feet in February 2025<\/a>.<\/p>\n J.P. Morgan Chase Bank also operates a large retail location at the base of the building. Chase renewed its 21,683-square-foot lease in February 2026<\/a>.<\/p>\n