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

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
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
(DOB)
City hit with lawsuit over Black workers’ treatment at Dept. of Buildings
City hit with lawsuit over Black workers’ treatment at Dept. of Buildings
Mustang, Texas is now owned by billionaire Mark Cuban. (J Elmer Turner Realtors, Inc.)
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
The Georgetown house once owned by Julia Child (Zillow)
Georgetown home where Julia Child lived hits market for $3.5 million
Georgetown home where Julia Child lived hits market for $3.5 million
Austin, Texas (Credit: iStock)
Austin’s mansion market is booming
Austin’s mansion market is booming
Rendering of Inspire Entertainment Resort (Mohegan Gaming & Entertainment)
Mohegan Gaming completes financing for first phase of South Korea project
Mohegan Gaming completes financing for first phase of South Korea project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...