Goldman Sachs Unit to Leave 534,000-SF Downtown Space for Jersey City

NEW YORK CITY-GlobeSt.com has received confirmation from One New York Plaza owner TrizecHahn that Goldman Sachs will shift part of its operations from Lower Manhattan to Jersey City. But while the financial services giant plans to move its equities unit to the 1.2 million-sf office tower it is constructing across the river, there has been no indication that the firm intends to give up space in the Downtown building.

“We have been informed by Goldman Sachs, confirming what they had apparently put into an internal note last week–that they’re going to be moving their equity people to Jersey City in a couple of years,” says Rick Matthews, senior vice president of public relations for TrizecHahn. “However, Goldman has not indicated that they’re going to leave the space and we are in discussions regarding [a lease extension on] that portion of their space.” The equities group occupies 12 floors of direct space at the 50-story One New York Plaza building. “We would prefer that they stay, but whether it’s with Goldman Sachs or with someone else, we would expect some rental uplift,” Matthews tells GlobeSt.com.

Other Goldman divisions are also housed in the 2.5 million-sf tower at One Water St. The firm leases another 43,000-sf full floor of direct space until 2010 and subleases 120,000 sf on three floors from Prudential securities. Goldman Sachs also leases space at One Liberty Plaza, 10 Hanover Square, 32 Old Slip, 180 Maiden Lane and 125 Broad St.