IBISWorld Inc., the world's largest independent publisher of U.S. industry research, has signed a 16,209-square-foot lease at the Trump Organization's 40 Wall Street.

The expanding firm signed a long-term agreement to occupy half of the 15th floor at the landmark, 927-foot-tall tower, which was once the world's tallest building. IBISWorld will relocate from its 2,265-square-foot regional office at 525 Washington Boulevard in Jersey City, and was awarded tax benefits from the Lower Manhattan Relocation and Employment Assistance Program (LMREAP) to move to the neighborhood from New Jersey.

Constructed in 1930 as the Manhattan Company Building, 40 Wall Street is among the most recognizable skyscrapers in the downtown New York City skyline. It was purchased by the Trump Organization in 1995, which renovated and restored the property and renamed it the Trump Building. 40 Wall Street was designated a New York City landmark in 1998.

Executive Managing Director Marc Shapses, Senior Managing Director Chris Marx, Senior Managing Director Joe Messina and Assistant Director Christopher Koeck, of international commercial real estate services firm Studley, negotiated the transaction on behalf of IBISWorld. The Trump Organization was represented by CB Richard Ellis Executive Vice President Bradley Gerla.

"Our client is poised for growth and wanted to strengthen its ability to attract young talent by becoming part of the vibrant downtown community, Mr. Marx said. 40 Wall is an iconic Art Deco building within close proximity to both the PATH to New Jersey and all major subway lines, so we are confident that this new space will allow IBISWorld to continue to recruit the best and the brightest."