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NASDAQ To Keep HQ Downtown, Fate of Midtown Lease Undetermined

NEW YORK CITY-Despite inking a lease for nearly 60,000 sf in Times Square's 1500 Broadway this past spring, the electronic stock exchange is planning to keep its headquarters at One Liberty Plaza in Lower Manhattan.

By Diana M. Rodriguez | Updated on January 13, 2003

NEW YORK CITY-NASDAQ has ditched plans to relocate to Midtown and instead reported it will maintain its headquarters in Lower Manhattan. The electronic stock exchange will continue to be based in 80,000 sf at One Liberty Plaza, which it subleases from parent company NASD.

This announcement comes contrary to NASDAQ’s previously reported plans to occupy nearly 60,000 sf in Time Square’s 1500 Broadway. The electronic stock market inked a 17-year lease in spring 2002 for four floors in 1500 Broadway. Cushman and Wakefield represented the building in the transaction. NASDAQ did not comment to Globest.com as to the status of its Midtown space. However, sources close to the situation say NASDAQ has not broken that lease.

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