Dubai Based Bank Moving NYC Office in Financial District

September 29, 2017

Lance Leighton

Co-Founder –
Senior Managing Director, Savills Studley, Inc.
New York State Licensed Real Estate Salesperson

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Foreign Bank Mashreqbank Moves to 17 State Street

Dubai-based Mashreqbank is the oldest privately owned bank in the United Arab Emirates. Mashreq has 12 overseas offices in 9 countries, including Europe, the United States, Asia and Africa. The New York arm just signed a 10-year 8,727 rentable square foot space at RFR‘s 17 State Street. They will occupy half of the 22nd floor in the 42-story tower across from Battery Park. They were previously located at 50 Broadway on the 15th floor in just under 6,000 square feet. A team from JLL represented Mashreqbank and RFR used an in-house team for this transaction.

The property is currently home to IP Soft Inc., BATS Global Markets and Axioma. Most recently, however, London-based M Three Consulting and law firm Torgan, Cooper & Aaron signed 4,812 and 6,443 square foot leases respectively. The building has continued to attract world-renowned companies as the asset features beautiful views, strong ownership, and close proximity to transportation.

For more information about these deals please click here. Additionally, feel free to try our free office space search here.

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