NEW YORK CITY-In another boost for the Downtown market, TD Waterhouse has inked a deal for 137,000 sf at Financial Square for its headquarters. The financial services firm, which will move in early in 2006, is consolidating from four Manhattan locations. Space in Financial Square, which is across from the South Street Seaport, is advertised at $33 per sf.

Paramount Group owns the one-million-sf asset, which had more than 275,000 sf of leases signed last year. “The leasing success of Financial Square confirms that Downtown Manhattan isn’t just coming back, it is back, in a big way. We’re very encouraged that the financial services companies continue to acknowledge that Lower Manhattan is still the location of choice for their industry,” says VP Arthur L. Bocchi, who, along with Cushman & Wakefield, represented the ownership in lease negotiations. Mark Ravesloot of CB Richard Ellis represented TD Waterhouse.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.