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GFI Group Doubles Office Space at 55 Water Street
GFI Group Inc. has renewed its commitment and expanded its operations at 55 Water St. in Lower Manhattan. The brokerage services firm renewed its 63,756-square-foot lease for the entire 10th floor and additionally committed to a full-floor lease of 64,993 square feet on the 11th floor, for a new long-term lease of 128,749 sq. ft. GFI will consolidate its existing operation from 199 Water St.
The CBRE team of Howard Fiddle, Bradley Gerla, Evan Haskell and William Hooks represented the property owner, New Water Street Corporation. Newmark’s Jared Horowitz and Hal Stein represented GFI Group.
“After evaluating the Downtown and broader Manhattan market, GFI Group, which has been a tenant in the building since 2007, reaffirmed its long-term dedication to the building and the neighborhood by committing to an additional 17-year term,” said Fiddle. “The transaction was the largest direct deal in the district upon closing since August 2023, and the largest deal on Water Street since the Metropolitan Jewish Health System deal in 2022, also at 55 Water Street, boding well for the market as a whole.”
- ◦Lease
