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 consists of office space totaling 78,079 square feet. The lease agreement spans a duration of 30 years.

Summary of transation 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, Roi Shleifer, Ira Schuman, Eva Shih, & Shawna Menifee - Savills
• Lease Terms: 30-year

Marc Shapses, Roi Shleifer, Ira Schuman, Eva Shih, and Shawna Menifee from Savills represented the tenant, New York City Board of Education Retirement Systems, in this leasing deal. This transaction also includes a new retail component of approximately 7,700 square feet on the ground floor, which is part of the arrangement with the landlord, Retirement Systems of Alabama, as indicated by CBRE.