Liquid Holdings Group, Inc. announced that it has subleased the 38th floor of 800 3rd Avenue, New York, New York, which had been used as its corporate headquarters. The sublease of the 11,860 square foot space is for 51 months, with a renewal option for an additional 53 months, which would extend the sublease to the full term of the Company's underlying lease. The move will reduce Liquid's operating expenses by over $850,000 annually, beginning in the third quarter of 2015.

The Company will pay a one-time real estate commission fee of approximately $220,000. In conjunction with the sublease, Liquid will move its corporate headquarters into existing space already under lease at 111 River Street in Hoboken, New Jersey and, as a result, will incur no additional rent cost. The Company will maintain a NY sales presence in its existing space on the 37th floor at the 800 3rd Avenue location.