Search
 

Brookfield to Re-Open 3.8 Mil SF of Downtown Space Early

NEW YORK CITY-Major Downtown developer Brookfield Properties announced yesterday that it plans to have its One Liberty Plaza and One Financial Center buildings up and running sooner than originally planned.

By Glen Thompson | Updated on October 09, 2001

NEW YORK CITY-Brookfield Financial Properties, owner of One Liberty Plaza and One Financial Center, announced yesterday that it has accelerated re-occupancy plans for the two Downtown properties, which were evacuated following the World Trade Center attacks.

Under the revised schedule, One Liberty Plaza will be ready for business October 22 and One World Financial Center will re-open its doors November 19. According to Katherine Vyse, Brooklyn Properties senior vice president of investor relations and communications, all tenants are expected to return. “As far as we know, everybody is coming back. We have very long-term leases in our New York portfolio,” Vyse tells GlobeSt.com.

Vyse says she anticipates Lehman Brothers, which leases 200,000 sf in One World Financial Center, will return to its Downtown home along with the remaining displaced tenants. The securities giant announced Monday that it will purchase the one million-sf building Morgan Stanley has been constructing near Times Square. “They’ll be returning with everybody else,” Vyse says. “They have a 20-year lease that was signed in January. ” Lehman Brothers did not return calls for comment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.