
Manhattan, NY The New York State Office of the Attorney General has expanded and extended its long-term presence at 28 Liberty St., committing to a total of 378,438 s/f at the office tower.
The transaction includes an extension of the existing 342,484 s/f the AG occupies across floors E13–21 and E23. The tenant also signed a long-term lease for an additional 35,954 s/f on the entire twenty-second floor.
Located in the Financial District, 28 Liberty St.’s amenity package includes a full-block public plaza, on-site dining and retail, modernized lobby and infrastructure upgrades, and proximity to downtown’s growing residential, retail and hospitality base, with lifestyle amenities specialized in experiential wellness and recreation.
The 60-story, 2.11 million s/f landmarked building provides tenants direct access to six subway lines from the lobby, while entry to the World Trade Center transit complex is two blocks to the north.
A JLL team that includes chairman and president Peter Riguardi, executive managing director John Wheeler, vice chairman Mitchell Konsker and managing director Michael Berman arranged the transaction with the Office of the Attorney General.
Said Wheeler, “The AG Office’s decision to extend and expand at 28 Liberty St. validates ownership’s continued commitment to invest in this iconic asset to create diverse lifestyle amenities, activated common spaces and integrated technology and support infrastructure.”
The New York State Office of the Attorney General has been a tenant of 28 Liberty since 2018 and occupies 20% of the building. The property is also home to a blend of institutional, financial, tech and service tenants including Stripe, Allianz Global Corporate & Specialty, London Stock Exchange Group, Wolters Kluwer, Carter Ledyard & Milburn and SCOR Reinsurance.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,