Jones Jones LLC has committed to a new long-term office lease at 44 Wall Street in Manhattan’s Financial District, with Lee & Associates NYC arranging the transaction. The law firm has signed a 10-year, nine-month agreement covering 5,311 square feet, securing its next office location in Lower Manhattan.
The move will shift Jones Jones from its current address at 5 Hanover Square, where a planned residential conversion is part of a broader trend reshaping the Financial District. The firm chose to relocate rather than leave the area, seeking to remain within the same core downtown office neighborhood even as older buildings transition to alternative uses.
In selecting 44 Wall Street, Jones Jones cited the advantages of staying in Lower Manhattan, including strong accessibility and extensive transportation options that support both employees and clients. The surrounding area offers a concentration of dining and retail amenities, contributing to an environment that continues to appeal to office tenants despite the changing mix of uses in the district.
George Comfort & Sons’ Alexander Bermingham represented the landlord in the lease negotiations. On the tenant side, representation was provided by Lee NYC professionals Todd Korren and Noah Caspi, who advised Jones Jones on the relocation and helped align the firm’s space needs with available options in the submarket.
According to Korren, Lower Manhattan remains attractive to occupiers seeking quality office space at a favorable value relative to other locations, even as residential conversions gain momentum. He noted that Jones Jones was intent on remaining in the Financial District, and that 44 Wall Street offered a combination of location, accessibility and efficient space that matched the firm’s operational requirements.
The lease underscores how law firms and other professional services tenants are selectively repositioning within established business districts to capture value while maintaining access to transit and amenities. For 44 Wall Street, the commitment by Jones Jones extends the building’s tenancy profile within a submarket undergoing visible shifts in use patterns as some office properties transition to residential.
