Brookfield Office Properties Inc. has executed a 132,000 s/f lease at One Liberty Plaza with Investment Technology Group (ITG), an international research broker for global portfolio managers and traders.
The new lease is for a 15-year term and the firm will occupy three floors of One Liberty Plaza.
The building is now 98 percent leased, according to Jerry Larkin, senior vice president at Brookfield.
“We are pleased to welcome the Investment Technology Group to One Liberty Plaza in Lower Manhattan,” said Larkin, Brookfield’s director of leasing for New York and Boston Regions.
“We are optimistic about leasing activity in 2012 as firms like ITG capitalize on Downtown’s dynamic changes in retail, transit and open space.”
ITG was represented by Neil Goldmacher, Brian Goldman, Josh Friedman, John Hennessey and Merrill Roth at Newmark Knight Frank. Brookfield was represented in-house by Duncan McCuaig and Sarah Pontius. ITG currently leases 101,000 s/f at 380 Madison Avenue under a lease that expires in January 2014. It has an additional 11,000 s/f of office space in New York with leases expiring in June 2012.
In its 10k filings, the company stated that the new lease with Brookfield will start on or after May 1, 2012, and rents will begin at $5,812,048.00 per annum rising to $7,132,968.00 over the term of the lease.
One Liberty Plaza is a 2.3 million square foot office building in Lower Manhattan at Liberty Street and Broadway. The 54-story steel and glass tower was designed by Skidmore, Owings & Merrill for U.S. Steel, and is adjacent to Zuccotti Park.