Securities firm expands at 1 World Financial

TRD New York /
Feb.February 08, 2011 12:33 PM

The Financial Industry Regulatory Authority, or FINRA, is looking to move to One World Financial Center, as part of its expansion plans. The securities firm regulator is negotiating for 204,067 square feet of space on floors 9-12 in a sublease from Dow Jones, which moved to Midtown from the Brookfield-owned tower about 18 months ago. The deal, which isn’t done but appears to be in the works, would give FINRA an additional 50,000 square feet of space, sources told the Post. Meanwhile, Capstone Equities, which owns 14 Wall Street, is marketing the 80,000 square feet which FINRA plans to vacate, and leasing agent Bradley Gerla of CB Richard Ellis said he’s seeing “a lot of activity.” Calls to FINRA’s brokers, Cushman & Wakefield’s John Cefaly and Rob Lowe, weren’t returned. Dow Jones’ representative, CBRE’s Kenneth Rapp, declined to comment. FINRA currently also has space at One Liberty Plaza and 20 Broad Street, where it’s a subtenant of the New York Stock Exchange. The NYSE is repped by CBRE’s Mary Ann Tighe, who declined to comment. FINRA will remain at One Liberty. [Post, 1st item]


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