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Morgan Stanley Taking Over BlackRock NYC Headquarters

Morgan Stanley inked a deal to take over office space currently serving as a headquarters for BlackRock employees, according to sources. So reports Bloomberg.

Morgan Stanley2Morgan 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.

 

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