60 East 42nd Street, One Grand Central Place Office Space

Description

The office building at 60 East 42nd Street in Midtown Manhattan, near the Metropolitan Life Building, was completed in 1930 with a design by John. E. R. Carpenter. Formerly known as the Lincoln Building, One Grand Central Place is a great choice for law or accounting firms, financial services companies or creative tenants seeking a first-rate Midtown Manhattan location.

1.2 MSF of Class A Grand Central Office Space

One Grand Central Place offers 1,291,533 square feet of Class A Grand Central office space. Owned and managed by Empire State Realty Trust, the 55-story tower was completely renovated in 2008, and includes close to 30,000 square feet of retail space.

The neo-Gothic building has been renovated to improve its interior and infrastructure, including the lobby, common corridors, bathrooms and windows. A wide variety of office spaces for rent, ranging from 2,200 to 20,000 square feet, are available for lease in this Midtown Manhattan landmark. The layout is flexible, and is available in a variety of configurations, from turn-key to built-to-suit offices.

Amenities at 60 East 42nd Street include 24/7 security, a visitor center, a multi-media conference center, a law library, a messenger center, tenant-controlled AC, and access to retail and restaurants within a shopping arcade.

Getting to and from One Grand Central Place

60 East 42nd Street benefits from an excellent location close to Grand Central Terminal, offering tenants direct access to Amtrak and Metro North service, as well as access to the 4, 5, 6, and 7 subway lines. One Grand Central Place is also within walking distance to various shopping and dining destinations in Midtown Manhattan.

Who is renting office space at One Grand Central Place?

The office building at 60 East 42nd Street is home to numerous office tenants, in industries such as financial services, banking, real estate, and technology. Notable tenants calling the building home include GlassRatner Securities, NYC Realty, Northland Securities, Chase Bank, Allianz Real Estate of America, the U.S. Holocaust Memorial Museum, and Charles Schwab.

How much is the rent price for office space at One Grand Central Place?

Office asking rents at One Grand Central Place start somewhere in the mid $60s per square foot, but can go higher, depending on the size and terms of the lease. The landlord is willing to offer customized layouts for certain tenants, from turn-key spaces to build-to-suit options. Office space at the building is significantly more affordable than the average commanded in Midtown Manhattan, which hovers around $89 per square foot.