Commerzbank AG signed a 15 year lease this week for 173,000 square feet at 2 World Financial Center. Commerzbank has maintained its US headquarters at Brookfield Office Properties' World Financial Center since the 1990s. Brookfield said that the Commerzbank lease, when coupled with OppenheimerFunds' decision in February to stay at 2 WFC after its sublease from Bank of America Merrill Lynch expires, represents more than 400,000 square feet of Merrill sublease space that has been converted to direct at the 2.3-million-square-foot office property.
"We are pleased that these two respected financial services institutions have chosen to extend their tenancy at the World Financial Center and remain committed to Lower Manhattan," said Ric Clark, president and chief executive officer of Brookfield Office Properties.
2 World Financial Center is one of four office towers of the 8-million-square-foot commercial complex on the west side of Lower Manhattan overlooking the Hudson River.
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