High-rise commercial buildings

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Downtown New York  + Office  | 

Oppenheimer Holdings Relocating to New Headquarters in Lower Manhattan

Gobal investment banking and wealth management firm Oppenheimer Holdings Inc. will establish a new headquarters in Lower Manhattan. The company will relocate from its current headquarters at 85 Broad St. to approximately 220,000 square feet at RXR’s 32 Old Slip in the Financial District.

The 32 Old Slip lease will bring more than 1,000 employees together under one roof, with a phased move-in targeted to begin in the first quarter of 2028. The new headquarters will feature modern workplace infrastructure, a dedicated conference center and expanded hospitality spaces for clients and guests. Oppenheimer will partner with Gensler on the design of the new space.

“Oppenheimer’s decision to stay and grow in Manhattan is a win for New York, retaining more than 1,000 quality jobs in a modern, new headquarters, representing a $66-million investment,” said New York Gov. Kathy Hochul. “This commitment sends a clear message that there is no better place to do business than New York.”

RXR was represented in-house by Daniel Birney and Heidi Steinegger. Oppenheimer was represented by JLL, whose tenant advisory team was led by Matthew Astrachan, Mitchell Konsker, Steven Bauer, Joe Messina and Andrew Lutzer. JLL also advised Oppenheimer on location-related incentives and project management services.

Read More News Stories About: JLL
Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 11-15 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease