Electra USA, Inc., a prominent electrical contractor in the New York market, has inked a significant 10-year lease for two floors at 10 E. 53rd St. in Manhattan’s prestigious Plaza District. This strategic move by Electra USA, encompassing 25,331 square feet, has resulted in the iconic office tower being fully leased, marking a significant milestone for the property owner, SL Green Realty Corp.
Key Takeaways
- Electra USA, Inc. has leased 25,331 square feet across the fourth and 31st floors at 10 E. 53rd St.
- The lease term is for 10 years.
- This agreement brings the 37-story building to 100% occupancy.
A Strategic Location and Modern Amenities
The newly leased space at 10 E. 53rd St. offers Electra USA a prime location in Midtown Manhattan, situated between Fifth and Madison Avenues. The building itself has recently undergone a substantial redevelopment, enhancing its appeal to a diverse range of tenants. Improvements include a modernized lobby integrated with an interior arcade, updated elevator cabs, and redesigned public plazas.
A Desirable Address for Leading Businesses
10 E. 53rd St. is recognized for its attractive features, including a high-end Equinox fitness club and efficient side-core floor plates. These amenities have made it a sought-after address for prominent companies. Notable existing tenants include Swarovski, Tarsadia Capital, Investec USA Holdings, First State Investments, Capital Dynamics, and the International Swaps & Derivatives Association.
Welcoming a New Tenant
Steven Durels, EVP and director of leasing and real property at SL Green, expressed enthusiasm about welcoming Electra USA to the building. The successful leasing of the entire property underscores the desirability of 10 E. 53rd St. and its strategic position within the bustling Plaza District.