Online Securities Firm Quadruples Space

NEW YORK CITY-Jones Lang LaSalle has completed a four-year sublease for SecondMarket at 26 Broadway. The online securities firm, which changed its name a few weeks ago from Restricted Stock Partners in order to “better reflect the direction of its business,” according to a company release, subleased 23,538 sf from Broadridge Financial Solutions at the 650,000-sf building.

Subtenant SecondMarket was represented by Jim Wenk, senior vice president, with Jones Lang LaSalle’s New York office. Sublandlord Broadridge Financial Solutions was represented by Stephen Chasanoff with GVA Williams.

Wenk tells GlobeSt.com that the tenant is relocating to accommodate its “rapid growth.” The firm, which has nearly 50 employees, will quadruple its space in the new headquarter move. The tenant is relocating to the property from its existing premises at 17 Battery Place and will occupy a portion of the 12th floor of the building.