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LaBranche Builds Out 48,000 SF on Wall St.

NEW YORK CITY-Wall St. trader shifts from 120 Broadway and 55 Broadway to three floors totaling 48,000 sf at 33 Whitehall St.

By Tom Sosnowski | Updated on August 13, 2006

NEW YORK CITY-Trader LaBranche & Co., a specialist firm on the New York Stock Exchange, will shift its operations from 120 Broadway and 55 Broadway to three floors of 33 Whitehall St. The lease is for 10 years.

The move will initially keep 500 employees in the Financial District, but the company plans to expand and take additional floors in the next six to 12 months. Aragon Construction was selected to manage the construction of LaBranche’s new location at Broad Financial Center in Lower Manhattan. The moves adds to a resurging downtown real estate market that has seen some long-time Midtown tenants look south.

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