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Deals & Dealmakers

Insurance co. relocates HQ to Fosunʼs 28 Liberty

Fosun Hive Holdings announced that SCOR, a global reinsurance company, has leased 75,000 s/f on the 53rd and 54th floors of 28 Liberty Street, the landmarked office tower in Lower Manhattan.

The Paris-based company is relocating its New York City headquarters from 199 Water Street.

“28 Liberty is a world-class office tower that stands at the center of Lower Manhattan’s extraordinary mass transit network,” said Bo Wei, chief executive representative of Fosun Group in the U.S. and Vice President of Fosun Hive Holdings.

“The property offers world-class architecture, dynamic new retail and dining options, and exciting cultural and community events.”

“28 Liberty is an ideal location for SCOR, enabling it to continue its commitment to Lower Manhattan while providing enhanced amenity and transportation options,” said Thomas Costanzo, managing director of leasing for Fosun.

“Fosun’s comprehensive redevelopment of the property created an ideal environment for the company and its employees.”

Costanzo represented the property owner in the transaction. Also representing the owner were Peter Riguardi, chairman and president of New York Operations; Mitchell Konsker, vice chairman; John Wheeler, Michael Berman and Daniel Turkewitz, Managing Directors; and Eliza Akers, Vice President, all with JLL. Merrill L. Roth, vice chairman, with Newmark Knight Frank represented the tenant.

In the past several years, Fosun has completed a total of 1.4 million square feet of office leasing in the 28 Liberty tower. Notable deals include 340,000 s/f for the Office of the New York State Attorney General; 130,000 s/f for media company Wolters Kluwer; 75,000 s/f for the London Stock Exchange; and 53,000 s/f for Booking.com.

Fosun also managed the construction of 600,000 s/f of turnkey fit-outs in-house.

The owner has recently completed construction on Marketplace 28, a 200,000 s/f retail destination at the base of 28 Liberty with multiple street-level access points and glass facades to engage pedestrian traffic and open sightlines.

Marketplace 28, like all of 28 Liberty, is accessible to six subway lines and is a five-minute walk from the Fulton Street transit hub and the World Trade Center transit hub, connecting it to nearly every mass transit line in New York City, and to New Jersey via the PATH.

Alamo Drafthouse Cinema has leased 40,000 s/f in Marketplace 28 for a 600-seat, 10-screen theater that is scheduled to open in the fourth quarter of 2019.

Legends Hospitality will operate a culinary and live entertainment destination to be designed by Jeffrey Beers in 35,000 s/f of space on the ground floor of Marketplace 28.

At the base of the 28 Liberty tower is the landmarked plaza, an open space that is regularly programmed with arts, cultural and community events.

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