{"id":710908,"date":"2026-04-07T11:32:37","date_gmt":"2026-04-07T11:32:37","guid":{"rendered":"https:\/\/www.europesays.com\/us\/710908\/"},"modified":"2026-04-07T11:32:37","modified_gmt":"2026-04-07T11:32:37","slug":"financial-firm-marex-shrinks-to-40k-sf-at-rudins-560-lexington-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/710908\/","title":{"rendered":"Financial Firm Marex Shrinks to 40K SF at Rudin\u2019s 560 Lexington Avenue \u2013 Commercial Observer"},"content":{"rendered":"

Financial services platform Marex<\/a><\/b> is shedding half of its office space in Midtown East.<\/p>\n

The tenant, which specializes in providing services to the energy, commodities and financial sectors, has signed a new lease for 39,552 square feet at Rudin<\/a><\/b>\u2019s 560 Lexington Avenue<\/b> in a relocation from its current 80,000-square-foot offices at 2 Grand Central Tower<\/b>, which it will put up for sublease.<\/p>\n

SEE ALSO: Aircraft Defense Firm Moves L.A. Office to El Segundo<\/a><\/p>\n

The asking rent at 560 Lexington, on the corner of Lexington Avenue and East 50th Street, was $84 per square foot, according to the New York Post, which first reported the transaction<\/a>.<\/p>\n

CBRE<\/a><\/b>\u2019s Peter Turchin<\/b>, Brett Shannon<\/b>, Eric Deutsch<\/b> and Jacob Rosenthal<\/b> negotiated on behalf of Rudin while JLL<\/a><\/b>\u2019s Matthew Astrachan<\/b>, Seth Godnick<\/b> and Kristina Kopans<\/b> handled the deal for Marex.<\/p>\n

CBRE, JLL and Rudin did not immediately respond to\u00a0 requests for comment.<\/p>\n

Other recent deals in Rudin\u2019s 22-story, 380,000-square-foot office tower include a 17,778-square-foot lease for hedge fund SummitTX<\/b> Capital<\/b> in early March<\/a> and a 20,000-square-foot deal for coworking firm Industrious<\/b> around the same time<\/a>.<\/p>\n

Marex has 40 offices across the globe and owns companies such as exchange-traded European grain company Arfinco<\/b>, crude oil and renewable energy firm CSC Commodities <\/b>and recycled metal specialists Tangent Trading<\/b>.\u00a0<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Financial services platform Marex is shedding half of its office space in Midtown East. The tenant, which specializes…\n","protected":false},"author":3,"featured_media":710909,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[203108,296012,5229,274112,296013,296014,296015,7745,296016,405,403,5226,5225,5228,5227,49428,274124,296017,67,586,132,5230,68,2969],"class_list":["post-710908","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-2-grand-central-tower","tag-560-lexington-avenue","tag-america","tag-brett-shannon","tag-eric-deutsch","tag-jacob-rosenthal","tag-kristina-kopans","tag-leases","tag-matthew-astrachan","tag-new-york","tag-new-york-city","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-office-leases","tag-peter-turchin","tag-seth-godnick-channel","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116363208083813644","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/710908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=710908"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/710908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/710909"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=710908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=710908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=710908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}