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
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
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
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
NYCHA Chairman Gregory Russ and NYCHA federal monitor Bart Schwartz. (NYCHA Monitor)
NYCHA overhauling management system
NYCHA overhauling management system
 Though landlords aren’t quite ready to say goodbye to their offices, employees are, according to a new survey by JLL. (Getty)
Sorry, boss: 72% of workers don’t want to return to offices full-time
Sorry, boss: 72% of workers don’t want to return to offices full-time
Jeffrey Epstein with 9 East 71st Street and Courtney Ross with her penthouse at 7 Hubert Street (Getty)
Jeffrey Epstein’s UES townhouse was priciest Manhattan deal last week
Jeffrey Epstein’s UES townhouse was priciest Manhattan deal last week
A selection of the properties, from left: 1020 Pacific Street, 818 Bergen Street, 483 St. Marks Avenue and 634 Classon Avenue (Google Maps, Kings County Supreme Court/Illustration by Alexis Manrodt for The Real Deal)
All Year sues partner over “illegitimate” deed transfers
All Year sues partner over “illegitimate” deed transfers
Unit 55B of Central Park South and Steve Roth of Vornado Realty Trust. (Compass, Vornado, Getty)
220 Central Park South’s first resale in the works
220 Central Park South’s first resale in the works
arrow_forward_ios

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

Loading...