NEW YORK CITY-The Intercontinental Exchange Group Inc., which acquired The New York Stock Exchange last year for more than $8 billion, is reportedly studying whether to renew NYSE's lease at 20 Broad St. or reduce its presence there.
The Atlanta-based firm has been looking to sell some of the NYSE's businesses and is moving some of the exchange's operations to Atlanta, according to the Wall Street Journal. The NYSE has hundreds of employees at its downtown complex that includes its headquarters at 11 Wall St. and leased space at 20 Broad St.
According to public filings, NYSE leases 381,000 square feet at Vornado Realty Trust's 20 Broad St. While ICE is considering either reducing NYSE's presence at 20 Broad or not renewing its lease that expires in 2016, the firm has no plans to reduce the stock exchange's presence at the iconic 11 Wall St. property, according to the report. See story in the Wall Street Journal.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
