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Morgan Stanley Leases 150,000 SF at One Hudson Square

NEW YORK CITY-The World Trade Center's largest tenant has signed a five-year lease in the Downtown building where it already occupies 73,000 sf of office space.

By Glen Thompson | Updated on November 26, 2001

NEW YORK CITY-Morgan Stanley, the World Trade Center’s largest tenant until Sept. 11, recently made headlines by selling its brand new Midtown building to competitor Lehman Brothers. Now the financial giant has signed a five-year lease at One Hudson Square, giving the firm more than 220,000 sf of Downtown office space.

Morgan Stanley already occupies 73,000 sf on the third floor of the 1,063,269-sf office building at Varick and Canal streets. The firm will triple its Downtown presence by taking immediate occupancy of the entire fourth and sixth floors of the 19-story property. The two floors are roughly 75,000 sf each.

The deal, signed last Wednesday, is a sublet from Getty Images with an aggregate rental of roughly $50 million. Phil Sprayregen of CB Richard Ellis represented Morgan Stanley in the transaction. Stuart Christie and Stephen Heyman represented building owner Trinity Real Estate. Tim Kucha and Mark Thompson of Plymouth Partners brokered for Getty.

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