Turkish Trade Group Inks 28K sf Lease at 10 East 34th St.

Image Real-estate investment and development firm Caerus Group has signed a lease with a Turkish trade group for half of its Midtown Manhattan building. TTC USA Consulting Corp. will take 27,750 square feet on five floors at 10 E. 34th St., a 10-story building near the Empire State Building, said Andy Udis, a partner at ABS Partners Real Estate LLC who represented Caerus with Ronald Zimmerman, an executive managing director at ABS. With this deal, the office portion of the early 20th-century building is completely leased. Asking rents started at $65 a square foot.
Caerus is also marketing about 9,000 square feet of retail space on the building’s ground floor and lower level. TTC was attracted to the space because it could place different industries and products made in Turkey on separate floors, Mr. Udis said. The trade group didn’t return requests for comment. Have something to say about an article in Greater New York? Email us, along with your contact information, at This email address is being protected from spambots. You need JavaScript enabled to view it.. Letters will be edited for brevity and clarity. Please include your city and state. Representing TTC were the CBRE Group Inc. team of Snezana Anderson, a senior vice president; Bernhard Weinstabel, a vice president; and Paul Walker, a first vice president . Caerus bought the building in February for about $52 million and is renovating the facade and making other improvements, said Leo Tsimmer, senior managing partner.

The purchase was a bet that the area would keep shifting away from garment-center tenants to technology, advertising and media companies, Mr. Tsimmer said. (WSJ,Keiko Morris)
Last modified onSaturday, 06 May 2017 10:07