OPPENHEIMER HOLDINGS INC (OPY) Form 8-K — Nov 9, 2026
$OPYForm 8-KItems 1.01, 2.03, 7.01, 9.01Filed Nov 9, 2026, 10:43 AM ET0001628280-26-071942Original filing
Oppenheimer Holdings (NYSE: OPY) signed a lease on November 5, 2026 for approximately 221,339 square feet at 32 Old Slip in Lower Manhattan, which will become the firm's new headquarters with phased move-in beginning in early 2028. The lease has an initial term of roughly 15.5 years, with fixed annual rent of about $13.3 million for the first five years after rent commencement, rising to approximately $14.4 million and then $15.5 million, plus a landlord-funded $66 million leasing reserve and a maximum $24 million early termination fee after year ten.
Key figures
- Move in
- phased move-in targeted to begin Q1 2028
- Rentable sqft
- 221339
- Initial term years
- approximately 15.5 years
- Max termination fee
- 24000000
- Lender funding amount
- 66000000
- Annual rent thereafter
- 15500000
- Annual rent years 6 10
- 14400000
- Rent free period months
- at least 6
- Annual rent first 5 years
- 13300000
AI analysis
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