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

NEW YORK CITY-The financial services giant has gone from a sublease to direct space at the Lower Manhattan skyscraper owned by Brookfield Office Properties. BOP’s president Dennis Friedrich tells GlobeSt.com’s Jacqueline Hlavenka that the deal “truly kicks off the second quarter” after a flat start to the year.

By Jacqueline Hlavenka | Updated on April 17, 2012

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.

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