Fin-tech firm Payoneer is moving to L&L Holding Company’s 195 Broadway, the “wedding cake” landmark which David W. Levinson’s and Robert T. Lapidus’ firm bought in 2005.
L&L now manages the property for institutional investors advised by J.P. Morgan.
The move is one in every of the 12 months’s largest relocations to the FiDi area. Payoneer is expanding from 23,000 square feet at 150 W. thirtieth St. to 42,000 square feet at 195 Broadway, which sources said is 86 percent leased.
The asking rent was said to be $57 per square foot.
The 1.1 million square-foot tower can be home to offices of Omnicom, HarperCollins and Gucci and to famed restaurant Nobu.
Payoneer CEO John Caplan said, “Relocating our headquarters to the Financial District and making a recent space for workers fosters collaboration for the advantage of our customers.”
He said the neighborhood “reflects the modern, resilient and inclusive culture of Payoneer.”
Savills North America’s Jeffrey Peck, Daniel Horowitz, Jacob Stern and Roi Shleifer repped Payoneer.
L&L was repped in-house by leasing director James Marcellino.