Oppenheimer Funds Signs 235,342-SF Lease at 2 World Financial Center in Downtown Manhattan
22 Feb, 2011, New York
Cushman & Wakefield today announced that OppenheimerFunds, Inc. has signed a new lease for its New York offices to remain at Two World Financial Center.
OppenheimerFunds signed a 15-year lease for 235,342 square feet on the entire 11th, 12th, 14th, 16th and a portion of the 10th floors, which it currently subleases.
Cushman & Wakefield's Stuart Romanoff, Amy Fox and Robert Constable, along with Maureen Kelly of the firm's Consulting group, advised OppenheimerFunds in its site search and in lease negotiations. The building's owner, Brookfield Properties, was represented in-house by Jerry Larkin and Duncan McCuaig.
"OppenheimerFunds has long been committed to Downtown, and this lease marks the continued resurgence of the area," said Mr. Romanoff, an executive vice president at Cushman & Wakefield. "Brookfield's World Financial Center is unique. Not only is it one of the city's premier Class A office properties, it is a center of energy for the cultural and economic renaissance underway in Downtown Manhattan. This neighborhood is clearly an exciting place for business."
Built in 1987 and located at the forefront of Lower Manhattan, Two World Financial Center is a 44-story office tower totaling more than 2.3 million square feet. The building is one of four unique office towers designed by Cesar Pelli, comprising the landmark World Financial Center complex, which includes extensive public spaces and a Winter Garden.
OppenheimerFunds, Inc. is one of the nation's largest and most respected investment
management companies. Known for its tagline The Right Way to Invest, OppenheimerFunds, Inc. has
been helping investors reach their financial goals since 1960. The Company and its controlled
affiliates offer a broad range of products and services to individuals, corporations and
institutions, including mutual funds, separately managed accounts, investment management for
institutions, qualified retirement plans and sub advisory investment-management services.
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