Brian Beswick, the TCC vide president who represented S&P in the transaction, tells GlobeSt.com that S&P has leased the space since 1998 and that new lease will commence when the existing lease expires at the end of the year. "The floor plate size was ideal for S&P's program requirements, allowing them to maintain a corridor-free floor and maximize efficiency," says Beswick.

Although the negotiated rate on the transaction was not released by the parties involved. The average annual effective rent for class A space in the financial district was around $35.50 per sf at the end of the 2005, according to various market reports.

Standard & Poor's, a division of the publicly traded McGraw-Hill Companies, provides independent credit ratings, indices, risk evaluation, investment research, data and valuations. One Market includes Steuart Tower, the 42-story Spear Tower, a six-story annex and retail space. According to EOP's Web site, only one 7,000-sf space is directly available, on the 17th floor of Spear Tower.