Skip Ribbon Commands
Skip to main content

News release

NEW YORK

JLL Secures 88,000 Square Feet for Business Insider at 1 Liberty Plaza in New York

Business news website to occupy entire eighth & ninth floors at Brookfield Property Partners’ 2.3 million-square-foot office tower in Lower Manhattan


NEW YORK, June 28, 2017JLL has completed a new transaction for Business Insider at 1 Liberty Plaza with building owner Brookfield Property Partners. The business news website signed a lease for 88,000 square feet at the Class A, 2.3 million-square-foot office building.

Business Insider was represented by Derek Trulson, vice chairman; Bill Peters and Michael Shenot, managing directors; Josh Stuart, vice president; and Christian Allen, associate, all with JLL. The building owner was represented by David Falk, president of the New York tri-state region, and Peter Shimkin, executive vice president, both with Newmark Knight Frank.

"Business Insider was looking for larger offices, and 1 Liberty Plaza was able to provide an ample amount of contiguous office space that gives the business news website plenty of room to grow its thriving operations," said Peters. "Lower Manhattan continues to flourish, and the surrounding neighborhood offers a wide variety of exciting shopping, dining and entertainment options for the firm's employees, as well as convenient access to mass transportation."

Business Insider signed a 10-year lease for 88,000 square feet of office space and will occupy the entire eighth and ninth floors at 1 Liberty Plaza, which is located on Liberty Street between Church Street and Broadway. The business news website is relocating to the office building from 150 Fifth Avenue.

The 54-story, 1 Liberty Plaza, formerly known as the U.S. Steel Building, is located at 165 Broadway. The office tower was designed by Skidmore, Owings & Merrill LLP and constructed in 1973. The property features entrances on Liberty Street, Broadway and Cortlandt Street, and offers direct access to the new Fulton Street Transit Center and the World Trade Center Path Station.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,400 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2016, the New York tri-state team completed approximately 28.2 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $12.0 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 146.7 million square feet. 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.