According to a spokesperson, BofA does not disclose the financial terms of the lease. Over time, the bank expects to fully occupy the entire space lease, but it won't be 100% occupied at the move-in date, as they want to leave some room for growth. The bank's new lease covers 13 floors. Douglas Durst, co-president of the Durst Organization, previously expressed confidence in the lease up program for the site. "I don't think we'll have any trouble getting $100 per sf at the top of the building. By the time we finish, we'll have most of the space leased."

The crystalline tower, which is expected to be completed in February 2008 at a cost of $1 billion, will house the bank's associates from several businesses including global corporate and investment banking, global wealth and investment management and global consumer and small business banking. The need for additional space is the anticipated growth of the global corporate and investment banking groups.

The bank will have floors 2 through 36 and 51, the top floor. Included in that space will be six trading floors ranging in size from 43,000 to 99,000 sf. Bank of America was represented by Jones Lang LaSalle. The brokers were Peter Riguardi, president of the New York office and John Ryan III, executive vice president, also with the company's New York office. Attorneys for Bank of America were Skadden Arps, Slate, Meagher & Flom LLP. One Bryant Park LLC was repped by the Durst Organization and the law firm of Patterson Belknap Webb & Tyler LLP.