Cantor Fitzgerald and its electronic trading subsidiary eSpeed have signed a short-term lease for new office space on 57th Street and Lexington Avenue in Manhattan.
The move, which will take place in the late spring, will reunite 352 employees from temporary locations on Park Avenue in Manhattan and in Rochelle Park and Weehawken in New Jersey, who had previously worked at Cantor and eSpeed's World Trade Center offices.
According to Howard Lutnick, chairman and CEO of both Cantor Fitzgerald and eSpeed, the companies will hold the lease for two years, while they determine their long-term needs for the future. The temporary location is approximately 80,000 square feet on five floors.
Cantor Fitzgerald and eSpeed lost 658 employees in the September 11 attacks on the World Trade Center, where the company had occupied 250,000 square feet of space on five floors.
Since then, about 110 workers have been housed in space on Park Avenue in midtown Manhattan that had been lent by UBS Warburg. Another 242 employees are in the two New Jersey sites. In the metropolitan area, Cantor Fitzgerald also has offices in Darien, Conn., and a newly opened office in Shrewsbury, N.J.