Fintech firm signs on for massive lease at 28 Liberty

Landlord Fosun International has seen several big leases since it renovated the 60-story tower

TRD New York /
Jan.January 10, 2020 09:00 AM
Fosun Property’s Bo Wei, Refinitiv’s David Craig and 28 Liberty Street (Credit: Getty Images, Google Maps)

Fosun Property’s Bo Wei, Refinitiv’s David Craig and 28 Liberty Street (Credit: Getty Images, Google Maps)

Another fintech firm is eschewing Midtown Manhattan for Lower Manhattan.

London-based Refinitiv, a financial markets data firm, took three floors at 28 Liberty Street, according to Commercial Observer. JLL negotiated both sides of the deal, with the asking rent in the upper $70s per square foot.

Blackstone acquired a 55 percent stake in the company in 2018 valued at $20 billion. Thomson Reuters owns the other 45 percent of Refinitiv, which currently has offices at the Reuters Building at 5 Times Square. It will move into its new offices at the end of this year.

Fosun International’s 60-story tower in the Financial District has seen several new leases and renewals since the firm completed renovations to add 200,000 square feet of retail space and a restaurant on the 60th floor. Last year, Allianz renewed its lease for its 70,000-square-foot offices.

The building was the Chinese firm’s first office property in the United States. It purchased the 2.2 million-square-foot building — then 1 Chase Manhattan Plaza — for $725 million in 2013. In 2018, Fosun International was rumored to be looking to sell its flagship tower for $1.6 billion, but the company denied the report. [CO] — Georgia Kromrei


Related Articles

arrow_forward_ios
Cushman & Wakefield’s Brett White

Cushman & Wakefield reports $101M quarterly loss

Cushman & Wakefield reports $101M quarterly loss
Durst Organization chairman Douglas Durst and Advance Publications president Donald Newhouse with One World Trade Center (Newhouse by Ilya S. Savenok/Getty Images for The Association for Frontotemporal Degeneration; Unsplash)

Condé Nast may be moving out of 1 WTC

Condé Nast may be moving out of 1 WTC
Moody's CEO Raymond McDaniel and 1 World Trade Center (McDaniel by Alex Wong/Getty Images; Pixabay)

Moody’s looks to sublease its 1 WTC office

Moody’s looks to sublease its 1 WTC office
From left: Manhattan Mall at 100 West 33rd Street, Vornado CEO Steven Roth and a rendering of the Farley Post Office building (Roth by Misha Friedman/Getty Images; Manhattan Mall via VNO; Farley Building via SOM)

Vornado may convert Midtown J.C. Penney space to last-mile facility

Vornado may convert Midtown J.C. Penney space to last-mile facility
(iStock)

TRD Insights: Nationwide office leasing demand hits two-decade low

TRD Insights: Nationwide office leasing demand hits two-decade low
Bryant Park Hotel at 40 West 40 Street (Google Maps; iStock)

Bryant Park Hotel being marketed as office space

Bryant Park Hotel being marketed as office space
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
Facebook CEO Mark Zuckerberg and a rendering of the Farley Post Office building redevelopment (Credit: Getty Images, SOM)

Farley gets Zucked: Facebook signs huge lease at Post Office redevelopment

Farley gets Zucked: Facebook signs huge lease at Post Office redevelopment
arrow_forward_ios

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

Loading...