Morgan Stanley Inks Massive 1.2 MSF Lease at One New York Plaza

NEW YORK CITY-Lower Manhattan got a major vote of support after financial services giant Morgan Stanley affirmed its commitment to the Financial District, taking a 1.2-million-square-foot lease at Brookfield Office Properties’ One New York Plaza, representing the largest single-asset office lease in New York City since 2008, the company confirms to GlobeSt.com. 

Under the deal, Morgan Stanley has gone from a sublease to direct space at the 50-story, 2.6 million-square-foot tower. Previously, the company subleased space with Wells Fargo for approximately 782,000 square feet and a direct lease with Brookfield for 34,000 square feet, making Morgan Stanley’s total footprint around 816,000 square feet in the Downtown skyscraper.