Financial technology company Payoneer is moving into L&L Holding Company’s 195 Broadway, the “wedding cake” landmark that the firm of David W. Levinson and Robert T. Lapidus purchased in 2005.
L&L now manages the property for institutional investors advised by JP Morgan.
The move is one of the largest relocations of the year in the FiDi area. Payoneer is expanding from 23,000 square feet at 150 W. 30th St. to 42,000 square feet at 195 Broadway, which sources say is 86 percent leased.
The asking rent was said to be $57 per square foot.
The 1.1 million square foot tower also houses the offices of Omnicom, HarperCollins and Gucci and the famous Nobu restaurant.
John Caplan, CEO of Payoneer, said: “Relocating our headquarters to the financial district and creating new employee space fosters collaboration for the benefit of our customers.”
He said the neighborhood “reflects Payoneer’s innovative, resilient and inclusive culture.”
Jeffrey Peck, Daniel Horowitz, Jacob Stern and Roi Shleifer of Savills North America represented Payoneer.
L&L was represented internally by leasing director James Marcellino.
