American Express, which reports that it has leased space for its interim corporate headquarters in Jersey City as well as office space in Parsippany and Short Hills, N.J., is shifting its New York City personnel from operations housed at the World Financial Center. According to Molly Faust, a spokesperson for American Express, the company occupied approximately one million sf at the 3 World Financial Center complex where some 3,000 workers were stationed.
Faust adds that an engineer has visited the World Financial Center site since the terrorist attack last week and termed it "structurally sound." However, she relates the company plans to eventually have a team of engineers do a painstaking look at the building. The 3 World Financial Center building stands nearby "ground zero" where the World Trade Center towers stood until last Tuesday. "It will take us at least a couple of months before we could go back there," she says.
The company did not say how many workers it would bring to the 400 Atlantic St., building, a 15-story office property that totals approximately 440,000 sf. The building had been the home of Champion International until its acquisition by International Paper earlier this year. International Paper has since relocated its corporate headquarters to the building from offices in Purchase, N.Y. Earlier this year the building was sold by International Paper to 400 Atlantic Street Title LLC.
Faust relates that its lease deals for space in New Jersey and Connecticut were "for short and medium terms." She did not specify the period the company views as short or medium term.
In announcing the deal in Stamford, Tom Meador, senior vice president Global Procurement and Real Estate for American Express, says, "On behalf of American Express, I want to thank The Landis Group and Alan and Scott Landis in particular, as well as the municipal and city officials of Stamford for responding so quickly to our needs. Their resourcefulness and quick actions during these tragic times demonstrate a generosity of spirit for which we are truly grateful."
Although the company has been quite active in securing space in the days following the terrorist attack on the World Trade Center, Faust says that the company is still searching for additional space in the New York metropolitan area to house its operations while its facilities at the World Financial Center remain unavailable.
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