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

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
 8 Spruce Street and Brookfield's Bruce Flatt (New York by Gehry, iStock, Brookfield)

Bad year: 1 in 5 units at Gehry skyscraper goes vacant

Bad year: 1 in 5 units at Gehry skyscraper goes vacant
11 Penn Plaza and Apple CEO Tim Cook (VNO; Getty)

Apple snags more space at Vornado’s 11 Penn Plaza

Apple snags more space at Vornado’s 11 Penn Plaza
Vornado CEO Steven Roth, Oxford Properties president Michael Turner and 650 Madison Avenue (Getty, Linkedin, VNO)

Here’s what tenants are paying at Vornado & Oxford’s 650 Madison

Here’s what tenants are paying at Vornado & Oxford’s 650 Madison
90 William Street (Google Maps; iStock)

Court puts condo investors on the hook for shoddy construction

Court puts condo investors on the hook for shoddy construction
Columbia Property Trust CEO Nelson Mills and 245-249 West 17th Street (Photos via Columbia Property Trust; StreetEasy)

Columbia Property Trust collects 98% of its rent in Q3

Columbia Property Trust collects 98% of its rent in Q3
Hudson Pacific Properties CEO Victor Coleman and Sunset Las Palmas Studios (Google Maps, iStock)

Hudson Pacific studio revenue takes hit

Hudson Pacific studio revenue takes hit
The Factory building at 30-30 47th Avenue with Square Mile Capital’s Craig Solomon and Invesco CEO Marty Flanagan (Photos via The Factory; Square Mile; Invesco)

Here’s what tenants are paying at the Factory in Long Island City

Here’s what tenants are paying at the Factory in Long Island City
From left: Paramount CEO Albert Behler, 1301 6th Avenue, 712 5th Avenue, 31 West 52nd Street (Getty; Google Maps)

Paramount Group back at work, but tenants waiting until 2021

Paramount Group back at work, but tenants waiting until 2021
arrow_forward_ios

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

Loading...