NEW YORK CITY—A Jersey City-based financial services firm ismoving across the Hudson River to Lower Manhattan. The publiclytraded KCG Holdings has signed a 15-year lease for169,000 square feet at 300 Vesey St., where askingrent in the deal was $70 per square foot, according to theCommercial Observer. Formerly One North End Ave., the15-story building is owned by Brookfield OfficeProperties and is part of the Brookfield Placecomplex.


The lease puts Brookfield Place in a great position,Jerry Larkin, Brookfield PropertyPartners EVP and director of leasing, US office division,tells “The deal further solidifies Brookfield Place asthe premier office location in the tri-state area and bringsoverall occupancy close to 100% with only two of the best blocks ofspace in Manhattan available within Brookfield Place.”


In the move, KCG will occupy part of the 12th floor and theentire 13th through 15th floors of the 15-story building by the endof 2016. KCG has about 260,000 square feet of space at 545Washington Blvd.—which is part of the LeFrakOrganization's Newportmixed-use complex—on the Jersey Citywaterfront. The new space at 300 Vesey, which is a few blocks westof the World Trade Center, can accommodate more than 700 employees,a KCG spokeswoman tells the Observer.


JLL's Derek Trulson andMichael Shenot advised both the landlord and thetenant in the deal. CME Group, which ownsNYMEX, sold 300 Vesey St. to Brookfield for $200 million in November2013. NYMEX is the only other tenant in the building. JLL did notrespond to's request for comment by press time.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.