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

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

Brookfield's Ric Clark and Two Hanson Place in Brooklyn (Credit: Google Maps, iStock)

Brookfield signs energy company to big lease in DoBro

From left: 110 East 59th Street, The Spiral at 66 Hudson Blvd East and 55 Water Street (Credit: Tishman Speyer, Jack Resnick & Sons)

Office leasing picks up in Midtown but slows elsewhere

From left: 330 Madison Avenue, 66 Hudson Boulevard and 599 Lexington Avenue (Credit: Google Maps)

Law firms topped the list of January’s biggest office leases in NYC

260 Madison Avenue and Sapir Organization’s Alexi Sapir (Credit: Getty Images)

Sapir Org inks big renewal with law firm at 260 Madison

Rudin Management's Bill Rudin and 55 Broad Street (Credit: Getty Images and Google Maps)

Charter school inks lease for FiDi office

(Credit: iStock)

Data Alert! Manhattan office leasing through November 2019

Warner Media CEO John Stankey, Google CEO Sundar Pichai and Facebook CEO mark zuckerberg (Credit: Getty Images, iStock)

Triple-digit office rents, once a rarity, are now a major piece of Manhattan deals

45 Broad Street and Madison Equities CEO Robert Gladstone (Credit: Getty Images)

Bob Gladstone, Gemdale put FiDi supertall on hold