Oppenheimer's 32 Old Slip move keeps more than 1,000 jobs downtown

Oppenheimer & Co. will move its headquarters to about 220,000 square feet across six floors at RXR's 32 Old Slip, keeping the 145-year-old firm in the Financial District, the company said Monday.

The lease is a win for Lower Manhattan's office market, which competes with Midtown for big financial tenants. Gov. Kathy Hochul's office said the move retains 1,001 full-time jobs and represents a $66 million investment in the new space.

Oppenheimer, a subsidiary of Oppenheimer Holdings, will leave its current headquarters at 85 Broad Street, according to the governor's office. The firm traces its roots to 1881 and a brokerage at 2 Wall Street, a few blocks from its new address.

“For 145 years, Oppenheimer has grown alongside Wall Street,” Robert Lowenthal, president and chief executive, said in a statement.

Completed in 1987, 32 Old Slip sits along the East River near Pier 11. Its other office tenants include wealth management firm Fincadia, Commercial Observer reported. William Elder, who runs RXR's New York City division, called Oppenheimer a transformative addition to the building and the neighborhood.

JLL's Matt Astrachan, Mitchell Konsker and Steven Bauer represented Oppenheimer, and RXR was represented in-house.

The firm plans a phased move-in starting in the first quarter of 2028, with a dedicated conference center for client meetings and firmwide events designed by Gensler.