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Deals & Dealmakers

London Stock Exchange takes 75,000 s/f at Fosunʼs 28 Liberty

Fosun Hive Holdings announced that London Stock Exchange plc has leased 75,000 s/f at 28 Liberty Street, the landmarked office tower in Lower Manhattan.

The Exchange is consolidating operations from multiple locations around Manhattan into the entire 57th and 58th floors at 28 Liberty in a long-term lease.

“28 Liberty is a world-class office tower standing at the center of a thriving live-work-play neighborhood, and it offers superior office space, dynamic new retail and exciting cultural and community events to the public here,” said Bo Wei, chief executive representative of Fosun International in the U.S. and Vice President of Fosun Hive.

Fosun’s managing director Thomas Costanzo, and associate Isabella Chen, represented the property owner in the transaction.

Also representing the property owner were JLL’s Peter Riguardi, chairman and president of the tri-state region; Mitch Konsker, vice chairman; John Wheeler, Michael Berman and Daniel Turkewitz, managing directors; and Eliza Akers, associate.

Robert Stillman, vice chairman; Harly Stevens, senior vice president; and Ariel Ball, vice president, all with CBRE Group Inc., represented the stock exchange.

“Lower Manhattan was an ideal location for the London Stock Exchange, placing one of the oldest stock exchanges in the world within the heart of the Financial District,” said Riguardi.

“Fosun’s comprehensive, $180 million redevelopment of 28 Liberty Street created a dynamic environment that is perfect for world-class organizations such as the LSEG.”

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.

Originally One Chase Manhattan Plaza, 28 Liberty was designed by architect Gordon Bunshaft, and was once the headquarters of Chase Manhattan Bank.

The building’s plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009.

Located in the heart of the Wall Street Financial District, the building has a direct connection to six subway lines.

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