CME Group Inc said on Tuesday that it had sold the home of its New York Mercantile Exchange for $200 million and would lease back the trading floor and some office space for a term of 15 years. Brookfield Office Properties Inc, which bought the 15-story, half-million-square-foot office building, also owns the neighboring Brookfield Place, CME said in a statement. Both buildings are in lower Manhattan."CME Group remains committed to our floor-based membership and open outcry trading services in New York, which continue to serve our customers well," said Kevin Lennon, the company's managing director of real estate.Nymex offers trading in futures on oil and metals.CME last year sold most of its historic Chicago Board of Trade building to a consortium of real estate companies for $151.5 million and leased back the space that houses its grain-trading pits.
Brookfield Office Properties Inc. (Brookfield) owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom. Shares of BPO fell by 0.15% or $-0.03/share to $20.18. In the past year, the shares have traded as low as $15.80 and as high as $20.25. On average, 854297 shares of BPO.TO exchange hands on a given day and today's volume is recorded at 295923.
CME Group Inc. (CME Group) offers a range of global products across all asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. Shares of CME fell by 0.72% or $-0.59/share to $81.70. In the past year, the shares have traded as low as $49.79 and as high as $83.82. On average, 1595830 shares of CME exchange hands on a given day and today's volume is recorded at 416986.
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