Financial Firm Moving HQ From NJ to Brookfield’s 300 Vesey Street
Liam La Guerre Aug. 4, 2015, 5:12 p.m.
KCG Holdings, a publicly traded financial services company, is relocating its headquarters across the Hudson River from Jersey City to the Big Apple.
The firm signed a 15-year lease for 169,000 square feet at 300 Vesey Street, formerly 1 North End Avenue, which is owned by Brookfield Property Partners. Asking rent in the deal was $70 per square foot, as The New York Post reported.
KCG has about 260,000 square feet of space at 545 Washington Boulevard, which is part of LeFrak Organization’s Newport mixed-use complex on the Jersey City waterfront.
The new space at 300 Vesey Street, which is a few blocks west of the World Trade Center, can accommodate more than 700 employees, a KCG spokeswoman said via email. In the move, KCG will occupy part of the 12th floor and the entire 13th through 15th floors of the 15-story building by the end of 2016.
JLL’s Derek Trulson and Michael Shenot advised both the landlord and the tenant in the deal. Messrs. Trulson and Shenot were not immediately available for comment.
CME Group, which owns NYMEX, sold 300 Vesey Street to Brookfield Property Partners for $200 million in November 2013, as Commercial Observer reported at that time. NYMEX is the only other tenant in the building.