New York City Board Of Education Retirement Systems Signs 30-Year Lease At 55 Water Street

The property asset involved in this transaction is located at 55 Water Street in the Financial District of Manhattan. It is an office space with a total square footage of 78,079. The lease encompasses both the 50th floor and an additional roughly 7,700-square-foot ground-floor retail component.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 55 Water Street
• Market: Financial District
• Landlord: Retirement Systems of Alabama
• Tenant: New York City Board of Education Retirement Systems
• Landlord's Representative: Bradley Gerla, Howard Fiddle, Evan Haskell & William Hooks - CBRE
• Tenant's Representative: Marc Shapses - Savills
• Lease Terms: 30-year

The deal was facilitated by multiple representatives, including Bradley Gerla, Howard Fiddle, Evan Haskell, and William Hooks representing the landlord, and Marc Shapses representing the tenant. The New York City Board of Education Retirement Systems strategically signed a long-term lease, ensuring their presence at this notable address.