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NYMEX Building May Go Up For Sale

NEW YORK CITY-Property owner CME Group has hired a brokerage firm to investigate possibilities for the asset.

By Rayna Katz | Updated on May 29, 2013

NEW YORK CITY-CME Group, in partnership with global real estate advisor Holly Duran Real Estate Partners LLC, of Chicago, announced Wednesday it has retained Newmark Grubb Knight Frank to explore the sale of the NYMEX Building, the headquarters to the New York Mercantile Exchange. The 16-story, LEED-certified building is located at One North End Ave., overlooking the Hudson River and just west of Brookfield Place (formerly the World Financial Center) as well as the Goldman Sachs tower.

The company will continue operation of its NYMEX trading floor in New York, regardless of whether the NYMEX building is sold, according to the announcement. In the event of a sale, CME may lease back a portion of the building, including the trading floor. NGKF vice chairman Neil Goldmacher and HDREP’s Holly Duran will investigate a sale-leaseback scenario as well as the possibility of relocating NYMEX to other properties in lower Manhattan.

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