Oppenheimer to Move to New Manhattan HQ

November 10, 2026

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The firm will occupy more than 200,000 square feet in the Financial District.

Oppenheimer & Co., an investment bank subsidiary of Oppenheimer Holdings Inc., has inked a deal to relocate its headquarters to 32 Old Slip in Lower Manhattan. The ﬁrm will occupy about 220,000 square feet, taking six full ﬂoors of the 36-story building.

RXR has owned the tower since 2015, when it acquired the property from Beacon Capital Partners for $675 million, according to Yardi Matrix. The property is also subject to a $404 million loan originated by Mesa West Capital in 2019.

The company will begin a phased move into the building during the first quarter of 2028. Besides office space, the new headquarters will include a dedicated conference center and expanded hospitality for clients and guests. Gensler will design the new space, incorporating natural light and open gathering areas to encourage collaboration.

Plans for the conference center include a design that fosters both in-person and hybrid engagement, to accommodate client meetings and ﬁrmwide events.

Completed in 1987, the property was fully renovated in 2013. Oppenheimer’s roots in the Wall Street neighborhood date back to 1881, when the ﬁrm was founded at 2 Wall Street.

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The new headquarters is a short distance from its current oﬃces and only blocks from where it was founded. JLL’s Matthew Astrachan, Mitchell Konsker, Steven Bauer, Joe Messina and Andrew Lutzer represented Oppenheimer, while RXR’s Daniel Birney and Heidi Steinegger represented the landlord.

Recent major leases in Manhattan

Manhattan has seen a number of large office leases recently, such as in October, when Mphasis, an IT and consulting company, signed a 10-year extension and expansion of its lease at 41 Madison in Manhattan. Rudin owns the 560,000-square-foot tower in Midtown South’s Flatiron District.

Also in October, law firm Seward & Kissel signed a 170,112-square-foot lease extension at One Battery Park Plaza in Lower Manhattan’s Financial District. The firm has been a tenant at the property since 2011; this extension spans the 19th through 24th floors.

During the same month, AI video platform Synthesia executed a 50,000-square-foot lease for its new U.S. headquarters at GFP Real Estate’s 675 Avenue of the Americas. Lee & Associates NYC arranged the lease on behalf of the tenant.