Financial technology firm Payoneer has finalized a ten-year lease agreement to move its headquarters to 195 Broadway in Manhattan’s Financial District. The company will occupy a 42,000-square-foot space spanning the entire 27th floor of the historic 29-story Neoclassical building starting in spring of 2024. This relocation marks one of the more significant office relocations from Midtown to Lower Manhattan this year.
195 Broadway, designed by William Welles Bosworth, was the global headquarters of the American Telephone and Telegraph Company from 1916 to 1983. It is currently owned by L&L Holding Company, with whom Payoneer signed its lease. L&L completed a meticulous renovation of the building’s Broadway lobby in 2017, retaining its historic features while modernizing aging aspects of the space.
“We look forward to the next step of our journey, relocating our headquarters to the Financial District and creating a new space for employees that fosters collaboration for the benefit of our customers,” said John Caplan, chief executive officer of Payoneer. “The neighborhood has been the longstanding commercial and entrepreneurship heart of the city and reflects the innovative, resilient, and inclusive culture of Payoneer.”