Morgan Stanley has signed 2 deals to place some of its World Trade Center employees in new offices. At 75 Varick St., the company sublet 146,000 square feet office from PhotoDisc Inc., while on 825 Third Ave, it took over RCN Corp.'s lease on 6 floors for a total of 112,464 square feet. Both deals last about 5 years and Morgan Stanley plans to start occupancy on the spaces shortly.

Philip Sprayregen of CB Richard Ellis is the agent for Morgan Stanley. Tim Kucha, James Meiskin and Mark Thompson marketed the space for PhotoDisc, while Philip Deguire and Frank Doyle of Jones Lang LaSalle Inc. worked on the deal on behalf of RCN Corp.

One Hudson Square at 75 Varick St. is a 19-story structure totalling more than 1.1 million square feet, which is 93% leased. The 1929 building was renovated in 1998 and is owned by Trinity Church Real Estate. 825 Third, the Random House Building, totals 486,326 square feet on 40 stories and is 98% leased. The Durst Organization purchased the skyscraper in 1999.

Morgan Stanley, the largest tenant displaced by the attacks on the World Trade Center, recently sold its brand new building at 1 Rockefeller Plaza West to Lehman Brothers. Sources say the company is still looking for more office space in the New York area.