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Fintech Startup Inks Manhattan’s Largest Sublease of Pandemic
Wharton Property Advisors (WPA) served as exclusive agent to fintech startup DailyPay in subletting 137,000 square feet at Retirement Systems of Alabama’s 55 Water St. in Lower Manhattan’s Financial District. Reportedly it’s the largest Manhattan sublease deal to be forged during the pnademic.
‘This deal is an affirmation of the three C’s – community, creativity and camaraderie,” said Ruth Colp Haber, WPA partner. “It is also a wonderful example of a cutting-edge financial technology company which is in the vanguard of the return to office and its commitment to New York City.”
DailyPay is more than tripling its office space in the move to 55 Water St., accounting for roughly two-thirds of the 207,000 square feet of sublease space S&P Global put on the market. CBRE’s Paul Myers and Michael Liss represented S&P and will continue to market the remaining 70,000 square feet to potential tenants.
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