NEW YORK CITY-Liberty Mutual Insurance has signed a new lease that more than doubles its presence at 55 Water St. here.
The company inked a 10-year lease for 120,000 square feet and will be moving from the 18th to the 22 and 23rd floors, according to the Commercial Observer. Robert Shulman of Cresa represented Liberty Mutual.
“It's great news for the landlord and it's great news for downtown,” said CBRE's Brad Gerla, who represented the building owner, New Water Street Corp., with Mary Ann Tighe, Howard Fiddle and Evan Haskel.
New Water Street Corp. is putting $200 million into the building after it took on approximately 32 million gallons of water during Hurricane Sandy. See story in the Commercial Observer.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
