Morgan Stanley will lease the approximately 400,000 square foot space at Park Avenue Plaza, at 55 E. 52nd St., for 15 years, according to a source. BlackRock is relocating to Hudson Yards in 2023.
The lease is one of the largest in the city since the start of the COVID-19 outbreak. Morgan Stanley bosses have repeatedly emphasized the importance in-office interaction among its employees.
Read the full article from Bloomberg.