As seen in
November 22, 2001
TRIBECA, HERE COMES MORGAN STANLEY
by LOIS WEISS
Morgan
Stanley has inked a lease to take 150,000 square feet in TriBeCa
at 1 Hudson Square.
With the five-year deal, worth some $50 million, the financial
services giant will replace some of its lost World Trade Center
offices.
The
pact is for the entire fourth and sixth floors at the building,
also known as 75 Varick Street.
It is a sublease from Getty Images,
which was represented by James S. Meiskin of Plymouth Partners.
The tenancy was approved yesterday by Trinity Real Estate,
the building's owner.
In September, Morgan Stanley shocked the city by announcing
it was selling its nearly completed tower at 745 Seventh Ave.
to Lehman Brothers.
Lehman's offices at the World Financial Center were made temporarily
uninhabitable due to the leveling of the World Trade Center.
Lehman has not yet announced when or if it will return, placing
400,000 square feet of its own offices up for sublease.
Morgan Stanley also confirmed then it was trying to split
its offices so that personnel would not be concentrated in
one area of the city.
It has since sought other locations in Westchester and New
Jersey. The firm has also relocated employees to Pierrepont
Plaza in Brooklyn and Harborside in New Jersey. It also leased
space at 1633 Broadway.

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