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Deals & Dealmakers

Online business news site leases 88,000 s/f at 1 Liberty Plaza

JLL has completed a new transaction for Business Insider at 1 Liberty Plaza with building owner Brookfield Property Partners.

The business news website signed a lease for 88,000 s/f at the Class A, 2.3 million-square-foot office building. Business Insider was represented by Derek Trulson, vice chairman; Bill Peters and Michael Shenot, managing directors; Josh Stuart, vice president; and Christian Allen, associate, all with JLL.

The building owner was represented by David Falk, president of the New York tri-state region, and Peter Shimkin, executive vice president, both with Newmark Knight Frank.

“Business Insider was looking for larger offices, and 1 Liberty Plaza was able to provide an ample amount of contiguous office space that gives the business news website plenty of room to grow its thriving operations,” said Peters.

“Lower Manhattan continues to flourish, and the surrounding neighborhood offers a wide variety of exciting shopping, dining and entertainment options for the firm’s employees, as well as convenient access to mass transportation.”

Business Insider signed a 10-year lease and will occupy the entire eighth and ninth floors at 1 Liberty Plaza, which is located on Liberty Street between Church Street and Broadway. The business news website is relocating to the office building from 150 Fifth Avenue.

The 54-story, 1 Liberty Plaza, formerly known as the U.S. Steel Building, is located at 165 Broadway. The office tower was designed by Skidmore, Owings & Merrill LLP and constructed in 1973.

The property features entrances on Liberty Street, Broadway and Cortlandt Street, and offers direct
access to the new Fulton Street Transit Center and the World Trade Center Path Station.

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