Overview
- GFI will occupy 128,749 square feet across the entire 10th and 11th floors under a 17-year lease.
- The agreement adds 64,993 square feet to its existing 63,756-square-foot tenancy through an expansion-and-renewal.
- The firm will vacate 199 Water Street as it consolidates operations into 55 Water Street.
- CBRE characterizes the transaction as the Financial District’s largest direct deal since August 2023 and the biggest on Water Street since 2022.
- Asking rent was reported at $59 per square foot, and the building is planning a $5 million lobby and amenity beautification program.