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Minerals Firm Etches 14,000-SF HQ Deal

NEW YORK CITY-Formerly a division of Pfizer, Minerals Technologies is moving over from the Chrysler Building to Cohen Brothers Realty's 622 Third Ave.

By Paul Bubny | Updated on January 14, 2010

NEW YORK CITY-One-time Pfizer division Minerals Technologies has taken 14,000 square feet of space at 622 Third Ave., moving over from the Chrysler Building. The world headquarters space deal at 622 Third is for 11 years.

Robert D. Goodman, senior managing associate at First Service Williams, represented Minerals Technologies along with FSW associate Seth Hecht, says in a release that the tenant preferred to remain in the Grand Central District, its home base since being spun off from Pfizer in 1993. After a search, 622 Third, located between 40th and 41st streets near Grand Central Terminal, “represented the best value and operational fit.”

Lease terms were not disclosed; asking rents at the 39-story office property are reportedly in the low-to-mid-$50s per square foot. Minerals Technologies is slated to move into its space on the 38th floor early this year.

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