CFG Merchant Solutions Leases 20,585 Sq Ft Office At 32 Old Slip In Financial District

The asset involved in this lease transaction is an office space located at 32 Old Slip in the Financial District. The square footage of the space is 20,585, and it has an asking rent of $60 per square foot. The lease term is set for 10 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60/ft
• Square Footage: 20,585
• Address: 32 Old Slip
• Market: Financial District
• Landlord: Scott Rechler - RXR
• Tenant: Andrew Coon & Bill Gallagher - CFG Merchant Solutions
• Landlord's Rep: Alexander Benisatto, Nicole Marshall, Ryan Alexander, Zachary Price - CBRE; Daniel Birney & Heidi Steinegger - RXR Realty
• Tenant's Rep: Michael Berman - JLL
• Lease Term: 10-year lease

CFG Merchant Solutions has transitioned to this new office space from its previous location at 180 Maiden Lane. The landlord, Scott Rechler, is represented by a team from CBRE and RXR Realty in this transaction.