It is the largest single-asset office lease in New York City since 2008, according to Brookfield.
New York, New York (PRWEB) April 18, 2012
Haynes and Boone, LLP attorneys have advised client Brookfield Office Properties in executing a lease for 1.2 million square feet at One New York Plaza in Lower Manhattan to Morgan Stanley.
It is the largest single-asset office lease in New York City since 2008, according to Brookfield. In the transaction, Morgan Stanley moved from sublease to direct lease, including an option for more than 300,000 square feet of expansion space.
“We are proud to have assisted Brookfield in achieving this major strategic priority of re-letting this large block of One New York Plaza,” said Mass. “It’s great that Morgan Stanley will be able to remain in the building and expand into additional space."
Said Jerry Larkin, Brookfield’s senior vice president and director of leasing of U.S. commercial operations: “This lease commitment is another example of the appeal and long-term viability of Lower Manhattan as a coveted market in which to do business."
One New York Plaza is a 2.6-million-square-foot Class A office tower located on the southern tip of Manhattan, adjacent to Battery Park. The building offers stunning 360-degree views of New York Harbor and the Manhattan skyline.