Financial Firm Tullett Prebon Stays in FiDi, but Relocates to Brookfield Place
By Lauren Elkies Schram February 17, 2017 6:25 pm
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Tullett Prebon is remaining in Lower Manhattan, but has settled on new digs at the 51-story, 2.5-million-square-foot 200 Vesey Street between North End Avenue and West Street. The financial company has leased 125,000 square feet spanning the entire fifth floor and a part of the sixth floor at the building, which is part of Brookfield Place, according to Crain’s New York Business.
The deal with landlord Brookfield Property Partners is for 15 years and the asking rent was in the high-$50s per square foot, Crain’s indicated.
Next year, the interdealer broker, which has offices in 24 countries, will make the move to Brookfield Place from 199 Water Street.
Scott Panzer and Shannon Rzeznikiewicz of JLL represented Tullett in the deal. A spokesman for JLL didn’t immediately respond to Commercial Observer with a comment. Brookfield was represented in-house and a company spokesman declined to comment.
Other finance firms in Brookfield Place include Royal Bank of Canada, which recently signed a 15-year early renewal to remain in 400,000 square feet at the building, as CO reported on Feb. 1. The U.S. Securities and Exchange Commission is based at the building, leasing 274,142 square feet in a deal that runs through April 2020, according to CoStar Group. American Express owns the upper 1.2 million square feet of the property, where it has been based for more than 20 years.
