The SEC is shopping for a new 175K sf home in FiDi

Regulator's Brookfield Place lease is up in 2021

55 Water Street and One World Trade Center (Credit: Wikipedia)
55 Water Street and One World Trade Center (Credit: Wikipedia)

With its Brookfield Place lease ending, the Securities and Exchange Commission is looking to downsize.

The financial regulator’s lease at 200 Vesey Street ends at the end of March 2021, the New York Post reported. Now, the SEC is seeking to move from its 250,000-square-foot location to a smaller space roughly around 175,000 square feet.

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The agency hasn’t ruled out moving to a different location in Brookfield Place, the report said. Executives have also scheduled tours on Thursday and Friday to see spaces at 55 Water Street, 199 Water Street, 28 Liberty Street, 7 Hanover Square and both One and Three World Trade Center.

Other companies at Brookfield Place include Commerzbank and Bank of America. Last month, Amazon said it will open its first New York City cashier-less store there. [NYP] — Meenal Vamburkar