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Fred Alger Management Returns Downtown Manhattan

Fred Alger Management, an investment management firm with more than $30 billion assets under management, has returned to Downtown Manhattan on a 50K SF lease after 20 years since losing staff at the World Trade Center during the 9/11 attacks.

100 Pearl Street. Photo Credit: Visual House.

NEW YORK CITY- Fred Alger Management, an investment management firm with more than $30 billion of assets under management, has returned to Downtown Manhattan after 20 years since losing staff at the World Trade Center during the 9/11 attacks. The firm has entered a 50,000-square-foot lease agreement at 100 Pearl Street with GFP Real Estate and Northwind Group. 

The Class A office tower, currently undergoing a renovation supported by a $250 million-plus investment by GFP, will carve out three contiguous floors for Alger, including custom penthouse space. The firm is set to move into the property in the fourth quarter of 2021.  Handler Real Estate Organization arranged the location and expansion for the firm. 

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Mariah Brown

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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