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.