McGraw Hill to renew 1.1M sf lease at 55 Water Street

Standard & Poor's owner occupies nearly one-third of the city's largest office building

TRD New York /
Oct.October 30, 2015 08:34 AM

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.

The deal is expected to close by the end of 2015, which would make it one of the year’s largest leasing transactions.

Standard & Poor’s has occupied the space since 1999, but McGraw Hill only transferred its headquarters there last year.

The firm’s lease doesn’t expire until 2020, Crain’s reported.

55 Water Street, owned by the pension fund Retirement Systems of Alabama, is the largest office building in the city by square footage, with a total of 3.6 million square feet of space.

CBRE’s Mary Ann Tighe, Howard Fiddle, Evan Haskell and Brad Gerla manage the 52-story tower on the pension fund’s behalf.

Photography and production firm Sandbox Studios leased 68,000 square feet at the building in July. Hugo Boss also occupies 74,000 square feet there. [Crain’s]Ariel Stulberg


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

SoftBank to take control of WeWork at less than $8B valuation

Chicago’s ice-cold office market is finally heating up. But don’t get too excited

Miki Naftali and 1045 Madison Avenue (Credit: Getty Images, Google Maps)

Naftali accused of violating zoning laws at UES development

148 East 28th Street and Governor Andrew Cuomo (Credit: Google Maps and Getty Images)

Citing new rent law, building buyer wants money back

EB-5 sees investment boost, tensions flare between brokers and StreetEasy: Daily digest

arrow_forward_ios