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AMEX to Take More Downtown Space

NEW YORK CITY-Showing its commitment to Downtown Manhattan, American Express is in the final stages of inking a deal for 70,000 sf of space at 3 World Financial Center. The credit card firm is part owner of the building, with Brookfield Properties.

By Barbara Jarvie | Updated on June 05, 2003

NEW YORK CITY-American Express, whose corporate headquarters building in lower Manhattan was damaged in the attacks of September 11, will soon sign a deal for 70,000 sf of space at 3 World Financial Center, according to published reports.Brookfield Properties owns half of the property, while American Express owns the other half. A Brookfield Properties spokesperson says the company can’t talk about any pending deals until they have been signed.

In its annual report, American Express categorized the return to Lower Manhttan as an important aspect of the company’s renewal in 2002. Headquarters staff had been scattered across seven locations in New York, New Jersey and Connecticut while waiting for repairs to be completed and the World Financial Center area to be restored. “Our actions in reaffirming our commitment to New York City and supporting the revitalization of lower Manhattan are a source of pride for our people worldwide,” the report says.

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