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AmEx Returns to Downtown NYC

STAMFORD, CT-A major portion of the 175,000 sf of space at 400 Atlantic St. here that American Express Co. had leased in the aftermath of the terrorist attacks on the World Trade Center will soon be coming available on the sublease market.

By John Jordan | Updated on March 05, 2002

STAMFORD, CT-The decision by American Express Co. to vacate space it had leased here in the days following the Sept. 11th terrorist attacks will put as much as 175,000 sf of space on the sublease market in Fairfield County.

American Express officials say that the company will begin a phased relocation of its employees from leased space in Jersey City, Parsippany and Short Hills, N.J., as well as from 400 Atlantic St., in downtown Stamford to its offices in Lower Manhattan beginning next month (April). The timing of the relocation coincides with when the credit card giant’s space at 3 World Financial Center will be ready for occupancy once again.

Molly Faust, a spokesperson for American Express, says that the company is following through on its intentions announced last November to vacate its space in Stamford, Short Hills and Parsippany. Late last week, American Express announced that it would also vacate approximately 175,000 sf of space it had leased days after Sept. 11 in Jersey City. A total of 560 American Express employees now working out of Jersey City will relocate back to Lower Manhattan.

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