Jane Street Inks Brookfield Place Lease
Gus Delaporte July 15, 2014, 2:15 p.m.
Jane Street Capital has signed a 15-year lease for 114,000 square feet at 250 Vesey Street, sources confirmed with Commercial Observer.
The lease covers a portion of the fourth floor and the entire fifth and sixth floors of the building. The trading firm will relocate to Brookfield Place from One Liberty Plaza, another Brookfield property. Jane Street will pay rent in the mid-$50s per square foot, one source said.
Jane Street had been in talks for a lease of 140,000 square feet at 250 Vesey Street, Bloomberg News reported last month. The slab between two stories of the building is expected to be removed, creating a 40,000-square-foot double-height trading floor, according to the report.
Jane Street employs over 300 traders and technologists in its New York, London and Hong Kong offices. The firm, founded in 2000, specializes in exchange-traded funds, making markets in over 2,000 ETFs worldwide, according to its website.
Jane Street’s deal was first reported earlier today by The New York Post. Cushman & Wakefield’s Rob Lowe and Augustus Field represented the tenant, while Brookfield was represented in-house by Jerry Larkin, Dave Cheikin and Alex Liscio, the Post said.
Cushman & Wakefield declined to comment on the transaction.