New Water Street Corp. has announced that McGraw Hill Financial has renewed it lease at 55 Water Street. The company inked a multi-year deal for the 34th through 46th floors, along with a portion of the concourse and 52nd floor for a total of 900,027 sqf. The deal makes McGraw Hill the largest tenant in the 687 foot skyscraper that features nearly 4 million sqf of rentable office space, and a 600 car indoor parking garage. Other notable tenants in the building include Hugo Boss, Emblem Health and Liberty Mutual. The building’s owner, New Water Street Corp., is a wholly owned entity of The Retirement Systems of Alabama. CBRE represented the landlord during the transaction.
āThis agreement is just another example of how Lower Manhattanās continued resurgence has made it a highly attractive place for many of New York Cityās greatest companies, and how well-positioned buildings like 55 Water Street have benefited from this resurgence,ā said Howard Fiddle, Vice Chairman of CBRE Group.
