LMAX Group Signs 7.5-Year Lease Expanding To 10,847 Square Feet At One World Trade Center
285 Fulton Street
Building Size
10,847 SF
Asset Type
Office
Closing
Sep 10, 2025
AI
The property asset involved in this transaction is an office space located at 285 Fulton Street in the Financial District, encompassing 10,847 square feet. This lease transaction reflects an expansion for the tenant at their current location, further solidifying their presence in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 285 Fulton Street
- Market: Financial District
- Asset Size: 10,847 square feet
- Landlord: Jody Durst - Durst Organization & Port Authority Of New York & New Jersey
- Tenant: LMAX Group
- Tenant's Representative: Sinclair Li & Patrick Moroney - CBRE
- Landlord's Representatives: Eric Engelhardt & Karen Rose - The Durst Organization; David Falk, Peter Shimkin, Hal D. Stein, Jason Greenstein & Nathan Kropp - Newmark
- Lease Term: 7.5 years
This lease agreement signifies LMAX Group's commitment to the U.S. market and their intended growth within the global finance landscape, increasing their leased space from 7,945 square feet to 10,847 square feet at One World Trade Center.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93