The Real Deal New York

Fintech startup with big SEC contract moving to 1740 Broadway

Thesys Technologies signs up for 14K sf of prebuilt space
By Rich Bockmann | September 29, 2017 11:45AM

Zachary Freeman and 1740 Broadway (Credit: Equity Office)

A fintech startup that inked a big contract to build out a trading-database for the Securities and Exchange Commission is moving its headquarters to Equity Office’s 1740 Broadway.

Thesys Technologies signed a lease for 13,800 square feet of prebuilt space at the 26-story tower, the landlord told The Real Deal.

The SEC earlier this year chose the company to create a central database called Thesys CAT to track orders and cancellations to root out misconduct and create better market research.

A source close to the deal said the asking rent was in the high $70s per square foot. Brad Gerla and Brad Auerbach of CBRE represented Thesys. Zachary Freeman and Scott Silverstein represented Equity Office in-house, along with a CBRE team of Howard Fiddle, Zak Snider, Arkady Smolyansky, Al Golod.

Equity Office bought the 620,000-square-foot building from Vornado in 2014 for $601 million.

Thesys will relocate its offices from the Moinian Group’s 3 Columbus Circle.