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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