Stripe will directly lease space at its office space at 28 Liberty Street after striking a deal with landlord Fosun International to expand its footprint by about 140,000 square feet at the property.

Now the fintech firm will have eight floors to work with at the Financial District property for a total of 285,997 square feet, with the term of the deal not disclosed, according to a report from the Commercial Observer. The asking rent for the floors ranges from $75 to $80 per square foot.

Since 2024, the company has occupied 146,500 square feet of space at the 60-story asset via a sublease from American International Group. That deal will remain in effect for now and it's unclear when the direct lease will start. Currently, Stripe occupies floors 45-48 at 28 Liberty.

CBRE represented Stripe on the direct lease, while JLL acted on behalf of Fosun.

Boi Wei, global partner of Fosun, noted in a statement to CO that Lower Manhattan continues to attract tech firms.

“28 Liberty is setting the pace for a new wave of tech tenants downtown, offering world class companies like Stripe a uniquely elevated office experience," he said.

The office tower offers a mixed-use setting, with more than 86,000 square feet of retail and amenity offerings. Also, 28 Liberty is known for sitting over an arts plaza that holds a garden fountain and a Dubuffet sculpture. The Fulton Center/World Trade Center is just a couple of blocks away from the 2.11 million square feet property.

The Manhattan office sector overall continues to attract tenants in general. With 31.7 million square feet of signings posted year-to-date, the market is set to see its best year of leasing since 2014, according to a report from Colliers. Fellow tech firm Salesforce posted one of the largest deals in Manhattan during the third quarter, thanks to its 313,691 lease, according to Colliers.

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