StoneX Expands to 95K SF at RXR’s 230 Park Avenue
StoneX, a global financial services firm, has expanded its office footprint at RXR’s 230 Park Avenue, signing a 10-year lease for approximately 21,904 square feet on the 32nd floor of the Midtown Manhattan office tower.
The expansion brings StoneX’s total footprint in the building to approximately 94,742 square feet, including its existing space on the 10th floor.
Asking rent for the newly leased space was reported at roughly $120 per square foot, reflecting strong demand for high-quality office space near Grand Central Terminal.
Financial Services Firm Expands Midtown Presence
StoneX provides global market access, trading, and financial services to institutional clients across commodities, currencies, and securities markets.
The firm already occupied 72,838 square feet on the 10th floor of the building and opted to expand within the property rather than relocate elsewhere in Manhattan.
Expanding within the same building allows the company to maintain proximity to Midtown’s financial and transportation infrastructure while accommodating continued growth.
Iconic Grand Central Office Tower
230 Park Avenue, also known as the Helmsley Building, is a 35-story Beaux-Arts office tower located between East 45th and 46th Streets directly above the Park Avenue viaduct near Grand Central Terminal.
The landmark Midtown property is owned by RXR and houses a mix of financial, legal, and investment firms.
Other tenants in the building include venture capital firm Apple Tree Partners, law firm Teitler & Teitler, and international financial institutions.
Leasing Momentum Near Grand Central
The StoneX expansion highlights continued leasing momentum in Midtown’s Grand Central submarket, where tenants are increasingly prioritizing buildings with modern amenities and direct access to transit.
Properties near major transportation hubs such as Grand Central Terminal continue to attract financial and professional services firms seeking convenience for employees and clients.
Final Thoughts
The StoneX expansion demonstrates how existing tenants are increasingly choosing to grow within well-located Midtown office buildings rather than relocate, providing landlords with a stable source of leasing activity.
For owners of Class A office assets near Grand Central, tenant expansions like this remain a key component of maintaining occupancy in an evolving Manhattan office market.
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