NEW YORK CITY-CME Group, in partnership with global real estate advisor Holly Duran Real Estate Partners LLC, of Chicago, announced Wednesday it has retained Newmark Grubb Knight Frank to explore the sale of the NYMEX Building, the headquarters to the New York Mercantile Exchange. The 16-story, LEED-certified building is located at One North End Ave., overlooking the Hudson River and just west of Brookfield Place (formerly the World Financial Center) as well as the Goldman Sachs tower.

The company will continue operation of its NYMEX trading floor in New York, regardless of whether the NYMEX building is sold, according to the announcement. In the event of a sale, CME may lease back a portion of the building, including the trading floor. NGKF vice chairman Neil Goldmacher and HDREP’s Holly Duran will investigate a sale-leaseback scenario as well as the possibility of relocating NYMEX to other properties in lower Manhattan.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


© 2023 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.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.