Oppenheimer & Company has signed a lease for approximately 220,000 square feet across six full floors at 32 Old Slip in Manhattan's Financial District, according to the company and tenant broker JLL. The investment bank and wealth management firm will relocate its headquarters there in early 2028 from 2 Wall Street.
Robert Lowenthal, president and CEO at Oppenheimer, said the move "is an investment in our culture, bringing our teams together on six floors with modern technology and a dedicated space to welcome clients."
JLL's Matt Astrachan, Mitchell Konsker and Steven Bauer represented Oppenheimer. RXR, the building owner, was represented in-house by Daniel Birney and Heidi Steinegger.
William Elder, executive vice president and manager of RXR's New York City division, called Oppenheimer "a transformative addition to the building and the neighborhood." Astrachan noted the lease "reflects the continued demand for high-quality properties with modern infrastructure and amenities" in Lower Manhattan.
The relocation retains over 1,000 jobs and represents a $66 million investment in New York, according to Gov. Kathy Hochul. Gensler is designing the new office to incorporate natural light and open gathering spaces.
The 37-story building at 32 Old Slip was completed in 1987. Other office tenants include wealth management firm Fincadia and talent company LevelUp.