55 Water Street | TRD Research
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55 Water Street

55 Water Street
New York, NY 10004
Office, Leasing/Rental
  • Address 55 Water Street
  • neighborhood Financial District
  • borough Manhattan
  • owner Retirement Systems of Alabama
  • owner entity NEWTON STREET CORP
  • floors 53
  • Year Built 1973
  • commercial units 52
  • total units 52
  • square feet 3,583,167
  • block and lot 1-00032-7501
  • BIN 1083346
  • Event Retail Leasing
  • Address 55 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 3,500
  • Price per foot $ 150.00
notes
The upscale clothing brand inked a 10-year lease for a new store at the sight of the former tobacco warehouse in Dumbo.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 15,965
notes
The financial institution inked an 8-year sublease in the Financial District.
  • Event Financing
  • Address 55 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 3,583,167
  • Price $ 217,000,000
notes
The partnership secured a $217 million financing package for the Dumbo mixed-use development.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 50,000
notes
The media companies both owned by Wasserman Media Group signed a lease.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 900,027
notes
The financial analytics company renewed its lease for the entire 34th through 46th floors.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 37,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Retirement Systems of Alabama
  • Party 2 Hunter Roberts Construction Group
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Ross Eisenberg, Stuart Romanoff
notes
The construction services firm signed a sublease to occupy the 51st floor. The company is relocating from 225 Liberty Street.
  • Event Retail Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Brooklyn
  • Square feet 153,000
  • Publication Date 01/01/2014
  • Event Date 11/17/2013
  • Party 1 Midtown Equities
  • Party 1 Broker Mark Finkelstein
  • Party 2 West Elm
  • Party 2 Broker Chase Welles
notes
The furniture retailer signed a 20-year lease to become the anchor tenant at the Empire Stores commercial development in Dumbo. The company will relocate its headquarters, West Elm store and West Elm market store from elsewhere in Dumbo.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 120,000
notes
The life insurance and financial services firm signed a 10-year lease, Crain's reported. The deal doubles the tenant's footprint in the building.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 200,000
  • Price per foot $ 45.00
  • Publication Date 01/01/2010
  • Event Date 11/22/2009
  • Party 1 Retirement Systems of Alabama
  • Party 1 Brokerage CBRE
  • Party 1 Broker Howard Fiddle, Mary Ann Tighe, Evan Haskell
  • Party 2 Depository Trust & Clearing
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Charles Borrock, Philip Weiss
notes
The post-trade financial services company renewed its lease for part of its headquarters and data centers, commencing January 2013$40s per sqaure foot.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 33,025
  • Publication Date 12/01/2009
  • Event Date 10/22/2009
  • Party 1 Clearbridge Advisors
  • Party 2 Manhattan Telecommunication Corporation
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barrett Stern
notes
The telecommunications firm inked a 16-year sublease.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 66,948
notes
The law firm, which will maintain its global headquarters at 125 Broad Street, took space in the 3.8-million-square-foot office complex. The building, which was more than 14 percent vacant in 2005, is now 98 percent occupied.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 429,000
  • Publication Date 11/01/2006
  • Event Date 09/22/2006
  • Party 1 The New Water St., Retirement Systems of Alabama
  • Party 1 Brokerage CBRE
  • Party 1 Broker Mary Ann Tighe, Howard Fiddle, Bradley Gerla
  • Party 2 Department of Transportation
notes
The new space will include 369,000 square feet on floors four through nine, as well as concourse, basement and underground space. Offices at 40 Worth Street, 2 Rector Street and 59 Maiden Lane will be consolidated into the new space in 2007.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 400,000
notes
A term sheet has been signed; the deal is expected to close in the coming months.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 203,669
  • Publication Date 07/01/2005
  • Event Date 05/22/2005
  • Party 1 Retirement Systems of Alabama
  • Party 1 Brokerage CBRE
  • Party 1 Broker Mary Ann Tighe, Howard Fiddle, Thomas Shirocky
  • Party 2 Bowne & Company
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Jeffrey Heller
notes
Printing and electronic communications company to occupy 10th, 11th and 50th floors
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 69,555
notes
Signs for more space after taking 486,000 sf last year

02/09/2018
Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel  The biggest outer-borough loan of December took place right along Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel  The biggest outer-borough loan of December took place right along...

04/01/2017
But that wasn’t the case for McGraw-Hill, which seriously considered relocating some of its offices across the Hudson River before renewing its 900,000-square-foot lease early at 55 Water Street in March 2016...

01/01/2014
Even as the area is inundated with new office stock, including 3 and 4 World Trade Center, space in older buildings continues to come onto the market. At 55 Water Street for example, the entire 61,304-square-foot third floor is up for grabs, according to CoStar...

12/30/2011
He noted, however, that the Downtown market is far stronger than it was only a few years ago. There were a number of spaces put on the market last month Downtown, including two at the 3.6 million-square-foot tower 55 Water Street, between Broad Street and Old Slip...

12/29/2009
Although one of the larger deals of the year was signed in November -- a 200,000-square-foot lease by the Depository Trust & Clearing House at 55 Water Street -- it was a renewal, so it was not counted in the new leasing transactions...

11/30/2009
In 1993, right after Olympia & York was forced into bankruptcy, Alabama’s pension fund snapped up 55 Water Street, a 52-story tower in which the fund already owned a stake...

10/29/2007
Moody's Investors Service took 589,945 square feet in 7 World Trade Center, and the city's Department of Transportation leased 429,258 square feet in 55 Water Street...

06/01/2004
Michael and Paul Ippolito Executive VPs and Principals, Newmark & Co. --Although the Ippolito brothers, Michael and Paul, joined Newmark at a difficult time, they were rescuedMichael and Paul Ippolito Executive VPs and Principals, Newmark & Co. --Although the Ippolito brothers, Michael and Paul, joined Newmark at a difficult time, they were rescued...