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55 Water Street

55 Water Street
New York, NY 10004
Office, Leasing/Rental
55 Water Street
  • Address 55 Water Street
  • neighborhood Financial District
  • borough Manhattan
  • owner/developer Retirement Systems of Alabama
  • owner entity New Water Street Corp
  • floors 53
  • Year Built 1973
  • commercial units 52
  • square feet 3,583,167
  • block and lot 1-00032-7501
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Albert Behler 1633 Broadway thumb
01/06/16
Leasing activity in the Manhattan office market ended 2015 down 13 percent from the previous year, largely due to sluggish years in Midtown South and...
300 Park Ave ft
12/10/15
Manhattan office leasing activity in November was considerably lower than its five-year monthly average, according to commercial brokerage CBRE’s monthly market report. On the other...
55 Water Street John Adler thumb
12/07/15
The Teachers’ Retirement System of the City of New York renewed its lease at its 55 Water Street headquarters in the Financial District — and...
Douglas Peterson 55 Water Street thumb
10/30/15
McGraw Hill Financial, owner of Standard & Poor’s Rating Services, will soon renew its 1.1 million-square-foot lease at 55 Water Street in the Financial District....
115 Broadway in the Financial District (credit: CoStar) and Alexander Wang
09/03/15
Alexander Wang is venturing into territory long reserved for financial-services tenants in its search for a new office, with the fashion house reportedly weighing a...
Joel Wechsler and 55 Water Street-
07/16/15
Photography and post-production company Sandbox Studio inked a lease for 68,000 square feet at New Water Street Corp.’s 55 Water Street in the Financial District....
renderingcourtyardthumb
01/13/15
New rendering of the interior of the Empire Stores in Dumbo A new look is available at Midtown Equities' Empire Stores along the Dumbo...
s-and-p
12/26/14
Standard & Poor’s is close to a settlement with New York, the Securities and Exchange Commission and others over an investigation of how the financial...
hugothumb
11/21/14
Hugo Boss is moving its North American headquarters to the Financial District. Its new 73,690-square-foot space at 55 Water Street will include the entire 48th...
cushman
11/04/14
Financial District-based construction services firm Hunter Roberts Construction Group inked a sublease for a 37,000-square-foot space on the 51st floor of 55 Water Street, one...
empire-stores
10/13/14
Midtown Equities has received a $95 million construction loan to proceed with its $150 million Dumbo warehouse conversion project known as Empire Stores. Tags: bobby...
hugo
07/16/14
German fashion brand Hugo Boss is in talks to grab 70,000 square feet of office space at 55 Water Street, one of the city’s biggest...
From left: Michael and Jack Cayre outside Empire Stores (Photo credit: Adam Pincus)
11/05/13
From left: Michael and Jack Cayre outside Empire Stores (Photo credit: Adam Pincus) A trio of developers rehabilitating Empire Stores, the Civil War-era warehouse building...
TopLeasesFBOX
11/01/13
55 Water Street Though the Manhattan office leasing market continued to get stronger in the third quarter, the number of big-ticket deals fell considerably –...
10/22/13
Supply chain management company GT Nexus is the latest tenant to ink a deal at 55 Water Street in Lower Manhattan, scoring a 35,000-square-foot spread...
55 Water Street
09/27/13
The city’s Health and Hospitals Corporation, which administers the MetroPlus healthcare plan, has signed on for 240,000 of space at  Water Street that will allow...
rendering (credit: STUDIO V Architecture)
09/04/13
Furniture retailer West Elm is decamping from its three Two Trees Management-owned locations to become the anchor tenant at Midtown Equities’ Empire Stores in Dumbo....
55 Water Street at center
02/27/13
Liberty Mutual has inked a 10-year deal for 120,000 square feet at 55 Water Street in the Financial Distrct, Crain’s reported. The deal effectively doubles...
12/04/12
New York’s largest office tower is getting ready to reopen, after being shuttered by Hurricane Sandy for nearly a month and damaged by a fire,...
55 Water Street (center)
11/26/12
A fire at a Financial District high-rise office tower, rendered powerless by Hurricane Sandy, has left some 27 injured, the New York Times reported. The...
Lower Manhattan office towers
11/06/12
Some 10 million to 15 million square feet of office space in Lower Manhattan has been taken offline by Hurricane Sandy. More than 10 percent of...
1 New York Plaza (credit: Adam Pincus)
11/01/12
Pumping water at Pearl and Broad streets (credit: Adam Pincus) Commercial buildings housing at least 17.3 million square feet of office space in Lower Manhattan had...
07/02/10
The Alliance for Downtown New York has come out with a new study on how to transform the dated Water Street into a more vibrant and pedestrian-friendly...
11/11/09
With the Depository Trust and Clearing Corporation’s October decision to relocate 1,600 employees from an office at 55 Water Street in Manhattan’s Financial District to...
jon_corzine.jpg
10/13/09
New Jersey Governor Jon Corzine plans to announce today that 1,600 employees from the Depository Trust and Clearing Corporation will be heading from Lower Manhattan...
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  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 120,000
  • Publication Date 04/01/2013
  • Event Date 02/20/2013
  • Party 1 New Water Street
  • Party 1 Brokerage CBRE
  • Party 1 Broker Mary Ann Tighe, Bradley Gerla
  • Party 2 Liberty Mutual
  • Party 2 Brokerage Cresa Partners
  • Party 2 Broker Robert Shulman
notes
The life insurance and financial services firm signed a 10-year lease, Crain's reported. The deal doubles the tenant's footprint in the building.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 200,000
  • Price per foot $ 45.00
  • Publication Date 01/01/2010
  • Event Date 11/22/2009
  • Party 1 Retirement Systems of Alabama
  • Party 1 Brokerage CBRE
  • Party 1 Broker Howard Fiddle, Mary Ann Tighe, Evan Haskell
  • Party 2 Depository Trust & Clearing
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Charles Borrock, Philip Weiss
notes
The post-trade financial services company renewed its lease for part of its headquarters and data centers, commencing January 2013$40s per sqaure foot.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 33,025
  • Publication Date 12/01/2009
  • Event Date 10/22/2009
  • Party 1 Clearbridge Advisors
  • Party 2 Manhattan Telecommunication Corporation
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barrett Stern
notes
The telecommunications firm inked a 16-year sublease.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 66,948
notes
The law firm, which will maintain its global headquarters at 125 Broad Street, took space in the 3.8-million-square-foot office complex. The building, which was more than 14 percent vacant in 2005, is now 98 percent occupied.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 429,000
  • Publication Date 11/01/2006
  • Event Date 09/22/2006
  • Party 1 The New Water St., Retirement Systems of Alabama
  • Party 1 Brokerage CBRE
  • Party 1 Broker Mary Ann Tighe, Howard Fiddle, Bradley Gerla
  • Party 2 Department of Transportation
notes
The new space will include 369,000 square feet on floors four through nine, as well as concourse, basement and underground space. Offices at 40 Worth Street, 2 Rector Street and 59 Maiden Lane will be consolidated into the new space in 2007.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 400,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 1 New Water Street Corporation
  • Party 1 Brokerage CBRE
  • Party 1 Broker Howard Fiddle, Bradley Gerla, Ken Rapp
  • Party 2 City Department of Transportation
notes
A term sheet has been signed; the deal is expected to close in the coming months.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 203,669
  • Publication Date 07/01/2005
  • Event Date 05/22/2005
  • Party 1 Retirement Systems of Alabama
  • Party 1 Brokerage CBRE
  • Party 1 Broker Mary Ann Tighe, Howard Fiddle, Thomas Shirocky
  • Party 2 Bowne & Company
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Jeffrey Heller
notes
Printing and electronic communications company to occupy 10th, 11th and 50th floors
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 69,555
notes
Signs for more space after taking 486,000 sf last year
026 Commercial market se FINAL.indd
December was a robust month for office leasing in Manhattan, with high-profile deals signed in all three major markets of Midtown, Midtown South and Downtown....
Manhattan Office Chart
The Manhattan office leasing market started 2011 with a bang of big leasing deals, driving down availability rates significantly. It's not expected to perform quite...
Whether encouraged by declining asking rents or spurred by pent-up demand, brokers said office tenants finished out the extremely difficult year of 2009 with a...
Click chart to see enlarged version While Manhattan buildings have seen sale discounts as high as 70 percent in this recession, this is not the first...
Nov_2006__Vacancy_Rates.gif
Manhattan office vacancy hits lowest level since 2001; Downtown grabbing big share of large leases ...
commercial_market_report.jpg
Reports of Downtown's death as a commercial center may be greatly exaggerated. ...
Michael and Paul Ippolito Executive VPs and Principals, Newmark & Co. --Although the Ippolito brothers, Michael and Paul, joined Newmark at a difficult time, they were rescued...
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