JLL brings 107 Greenwich St. to 95% occupancy with three new leases

Manhattan, NY JLL has leased 42,643 s/f of new office space in a trio of deals at 107 Greenwich St., bringing the Financial District property to 95% occupancy.

In the largest transaction, flexible workplace provider Industrious leased 24,534 s/f across the entire 13^th and 14^th floors, signing a long-term agreement with owner Trinity Church. The new location is part of an expansion in the downtown neighborhood, where the company has enjoyed success with its 3 World Trade Center location.

Blockchain innovator Digital Asset signed a 10-year lease for the entire 12,267 s/f 17^th floor of 107 Greenwich St. The company will relocate from 4 World Trade Center to occupy an MKDA-designed prebuilt unit later this quarter.

Finally, e-commerce operating system Swap Commerce will open its first dedicated NYC office in a 5,842 s/f prebuilt on the 21^st floor of the property. The deal is part of the firm’s global plan to deepen its dominance in the U.K. market, accelerate expansion into the U.S. and EU, and open new regions, including Australia and Canada.

A JLL agency team led by executive managing director John Wheeler, managing director Andrew Coe and vice president Margaux Kelleher, oversees leasing at 107 Greenwich St. on behalf of Trinity. Industrious was represented by Justin Halpern, Ed Wartels and Benjamin Bouganim of Cushman & Wakefield; Digital Asset was represented by Kirill Azovstev and Slava Vaynberg of Savills; and Swap Commerce was represented by Mike McKenna of Cresa.

The transactions continue recent leasing momentum at 107 Greenwich St., where the tenant roster includes fintech firms Revolut and Lendbuzz, and a diversified roster of engineering, technology, insurance and law firms.

According to JLL Research, leasing velocity across Lower Manhattan continues to gain momentum, closing out the first quarter with nearly 1.6 million s/f of leasing activity, nearly matching total leasing for all of 2024. Activity has been broad-based, with migrations from the Midtown and Midtown South submarkets, new office openings and conversion activity — which has removed 5.5 million s/f from the market — and the relocation of those tenants to other downtown buildings.

Completed in 2022, the 26-story 76 Trinity Pl., with a dedicated tenant entrance at 107 Greenwich, was developed to support Trinity Church’s commitment to Lower Manhattan. The first five floors, known as Trinity Commons, serve as a community resource with a full-court gymnasium, teaching kitchen, art and rehearsal studios, private meeting rooms, a large hall for special events, and a dedicated space for NYC youth. 

The office component totals 175,600 rentable s/f and encompasses the 10^th through 26^th floors. The building’s 18^th floor serves as an amenity center for office tenants, offering dining, conference rooms, break-out space, a fitness center, and an outdoor terrace with views of the Hudson River, World Trade Center and Trinity Church.

Said Coe, “We continue to see tenants shift their focus from larger buildings to more boutique assets where they can occupy full floors. 107 Greenwich St. is ideally positioned for small and midsized office tenants seeking a premium amenity package, financially secure ownership, the prestige of a standalone identity, enhanced tenant branding opportunities, and a sophisticated work environment that supports employee satisfaction and productivity.”

107 Greenwich St. is located in the thriving downtown area where a growing residential population supports a flourishing retail and restaurant scene. The neighborhood is also home to some of the city’s major architectural and historic landmarks, indoor and outdoor art, a waterfront park, and an outdoor space that hosts events and festivals.

With transit links in every direction — on foot, ferry, bus, and train — the building’s prime location maximizes accessibility from elsewhere in Manhattan, from the outer boroughs, and from New Jersey.