Platinum Commercial finalizes VCT Holdings five-year deal at One Seaport Plaza
Manhattan, NY Platinum Commercial, the commercial arm of Platinum Properties, negotiated a 35,454 s/f office lease for VCT Holdings at 199 Water St., also known as One Seaport Plaza, located in the Seaport District. The financial services firm signed a five-year lease for the entire 10th floor, representing an expansion within the property and further reinforcing sustained leasing momentum in the downtown office market.
VCT Holdings has signed a five-year lease at an asking rent of $40 per s/f for the entire 10th floor of the 35-story tower. The full-floor office features wraparound natural light and views of the East River. Platinum Commercial’s Steven Evans represented the tenant, while the sublandlord, Frank Recruitment Group, INC, was represented by Seth Hecht of JLL.
“VCT Holdings’ expansion at 199 Water St. speaks to both the company’s impressive growth trajectory and the enduring appeal of the Seaport as a hub for financial services firms,” said Evans. “As companies continue to prioritize well located, amenity-rich offices for their teams, we’re proud to leverage our expertise in this market and facilitate long-term growth solutions within one of downtown Manhattan’s most established office properties.”
VCT Holdings is a technology-driven, self-clearing broker-dealer and prime services platform serving institutional investors, hedge funds, broker-dealers, and proprietary trading firms. The firm provides integrated execution, clearing and custody, securities lending, and financing solutions, supported by proprietary technology and a focus on capital efficiency and risk management. Since 2021, VCT Holdings has grown approximately sixfold, reflecting strong client demand, expansion across products and geographies, and continued investment in its infrastructure and team.
Completed in 1984 and spanning more than 1.1 million s/f, 199 Water St. is one of the Seaport District’s premier office buildings. The property is home to a oster of notable tenants, including Allied World, Seaport Entertainment Group, Arch Labs, and WeWork. Its location offers access to the Fulton St. transportation hub, with multiple subway lines including the A, C, J, Z, 2, 3, 4, and 5 trains and the NYC Ferry at Pier 11/Wall Street nearby. The property is also surrounded by a mix of cultural attractions and dining and entertainment destinations, such as the East River Esplanade, Pier 17, Carne Mare, and The Fulton, among others.