Lease Beat

BATS Global Markets takes 7,234 Square Feet at 17 State Street

BATS Global Markets – a developer and operator of electronic platforms for securities trading in the United States and globally – has signed a 7,234-square-foot office lease at 17 State Street, in the heart of the Financial District, The Commercial Observer has learned.

The space makes up roughly half of the 32nd floor in the 42-story skyscraper, known for its distinct, curved facade, built in 1988 and designed by Emery Roth and Sons.  BATS Global Markets will be relocating from their 14 Wall Street location and will build out two sections of raw space on the floor.

17 State Street

17 State Street

“This a straight-forward lease negotiation with one of the city’s leading landlords,” said John Thompson, a senior managing director at JRT Realty Group, who represented the tenant along with Greg Smith, an EVP.  “It’s a very prestigious space in one of the top buildings in Lower Manhattan and it’s a big upgrade for this tenant.  The building is a prime example of post-modern architecture, and the infrastructure and open floor-plans met this tenant’s needs.”

An in-house leasing team of Steve Morrows and A.J. Camhi represented the landlord, RFR Realty.  Mr. Morrows and Mr. Camhi did not immediately return calls seeking comment.

The Class-A office building offers 24/7 access, harbor and park views, and state-of-the-art building systems, and it is located in close proximity to multiple subway lines, ferries to Staten Island and New Jersey, the New York Water Taxi and the Downtown Heliport.

The 32nd floor features unobstructed views of New York Harbor, the Statue of Liberty, Ellis Island, and Battery Park

JRT Realty Group served as the original leasing and managing agent for the original owner of the building, TIAA CREF, and also handled the building’s sale to the current owner in 2000, giving the brokers a unique appreciation of its value to new tenants.

“We have brought other tenants into this building and we know it very well,” he said.

Follow Al Barbarino on Twitter or via RSS. abarbarino@observer.com