John Hennessey, managing principal of Newmark, represented Investment Technology Group, Inc. (ITG) in the subleasing of 9,900 square feet of its 100 High Street space to Financial Engines. CB Richard Ellis represented the subtenant, Financial Engines, in this transaction.
ITG, anticipating growth, secured future expansion space on the 16th floor of 100 High Street. Financial Engines, located at 99 High Street, was looking to expand its Boston operations. When this unique sublease opportunity arose directly across the street from its current location, Financial Engines knew that it was a perfect fit. With the 16th floor space in shell condition, Financial Engines is able to work with ITG on designing the space so that it will work for both Financial Engines for the duration of its sublease, as well as for ITG and its future expansion. This lease agreement satisfied the space requirements of both Financial Engines and ITG perfectly.
About Investment Technology Group, Inc.
Investment Technology Group, Inc. is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity, execution services, analytical tools, and proprietary research insights grounded in data. Asset managers rely on ITG’s independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.
About Financial Engines
Financial Engines is a leading independent investment advisor committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. To meet the needs of different investors, Financial Engines offers both online advice and professional management. Cofounded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America’s leading employers and retirement plan providers to make retirement help available to millions of American workers. For more information, please visit www.financialengines.com.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.