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Deals & Dealmakers

Fosun signs 345,000 s/f lease with Attorney General

Fosun Property Holdings announced that the New York State Attorney General’s office has leased 345,000 s/f of space in 28 Liberty, the andmarked office tower in Lower Manhattan.

The Attorney General’s office, currently located in 120 Broadway, will occupy all of floors 13 through 21, and floor 23 in 28 Liberty in a 15-year lease.

Thomas Costanzo, director of leasing for Fosun, represented the property owner in the transaction. Also representing the property owner were Peter Riguardi, chairman and president of the tri-state region, Mitch Konsker, vice chairman, and John Wheeler, managing director, with JLL.

Scott Gottlieb, vice chairman, Bruce Surry, executive vice president, and Leonard DiMicelli, senior vice president, with CBRE, represented the Attorney General’s office.

“28 Liberty is a world-class office tower that stands at the center of a thriving neighborhood,” said Bo Wei, chief executive representative of Fosun Group in the U.S. and vice president of Fosun Property Holdings.

“The property offers superior office space, dynamic new retail and exciting cultural and community events – it is a growing destination for national and international business, as well as for area residents.”

“Fosun is pleased to welcome the Attorney General to 28 Liberty as we continue to transform the property through a building-wide repositioning program,” said Erik Horvat, managing director at Fosun Property Holdings.

“We are currently completing a host of improvements to the building, including a elevator and mechanical upgrades, as well as a the creation of some 200,000 square feet of new retail.”

Fosun has made a long-term commitment to restore the 60-story, 2.2 million-square-foot class-A office tower while further connecting it to residents and workers in Lower Manhattan.

In addition to building improvements, the company has initiated a series of community events, including a summer movie series, Dine Around Downtown and participation in the River to River Festival.

28 Liberty’s retail project will create new glass facades at street level to engage pedestrian traffic for some 200,000 square feet of new retail space below the historic 28 Liberty plaza.

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