The 1.25-million-square-foot officer tower located at the North Passageway of Grand Central Terminal is currently 97% leased. The property underwent a $150-million capital improvement program that featured the redesign and renovation of the building's facade and interior.

But does it match the big box era?

GlobeSt.com caught up with Blake Okland, vice chairman and head of the US Multifamily practice at ARA, to get his thoughts.

According to a report by New York City Comptroller Scott M. Stringer, the city economy grew at a 3.3% clip in the second quarter of this year as compared to the 1.5% rate posted in the second quarter of 2016.