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Cantor Fitzgerald Will Take Bloomberg Space in Midtown

NEW YORK CITY-After an extensive two-and-a-half year search, Cantor Fitzgerald will have a new space in Midtown to call home. The financial services firm will take over 125,000 sf currently occupied by Bloomberg LP at 110 East 59th St.

By Barbara Jarvie | Updated on July 26, 2004

NEW YORK CITY-Cantor Fitzgerald, the financial services firm which had occupied 250,000 sf in the World Trade Center’s north Tower and lost 658 employees in the attacks on Sept. 11 2001, is moving its global headquarters to Midtown. The company, along with electronic trading developer eSpeed Inc., inked a 16-year deal for 125,000 sf at 110 East 59th St., which currently serves at the headquarters of Bloomberg LP.

“It was a two-and-a-half year search looking at 60 or 70 units,” Cushman & Wakefield EVP Mitchell Konsker tells GlobeSt.com. Konsker and C&W director Alex Chudnoff represented Cantor. Konsker says the firm had “unique requirements” and looked at sites all over the city before choosing this one which features and an intricate telecommunications network and an internal staircase. The building ownership was represented in house by Scott, Peter and Bud Resnick. The financial terms of the lease were not revealed. Cantor has been operating from five floors in East Midtown.

Cantor Fitzgerald and eSpeed Inc. will occupy a portion of the ground floor including a private entrance and floors two through seven with the option of additional leased space of up to 20 to 30% more as needed. According to Konsker, there will be a monument in front of the building and the company will have signage on the 58th and 59th street entrances.

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