BBVA Moving NYC Headquarters To Brookfield’s Two Manhattan West
BBVA, which is headquartered in Spain, will occupy 74K SF, taking the eighth and ninth floors in the almost-opened, 58-story tower, Brookfield announced Monday.
The 1.9M SF building is the final piece of the six-building Manhattan West complex, and it is 80% leased ahead of when Brookfield expects to welcome the first tenants early next year. It features a slew of high-end amenities and is planned to be fully energized by hydropower facilities in upstate New York.
“We are pleased to welcome BBVA to its new headquarters at Two Manhattan West, a trophy tower that sets the standard for workplace excellence,” Brookfield Properties’ Callie Haines, executive vice president for the company’s Northeast region, said in a statement.
“We are looking forward to moving into a prime building in a very attractive location, to provide the best possible experience to our BBVA team in New York,” Regina Gill, BBVA CIB’s U.S. head, said in a statement. “This is one more step in our growth plans in the US, as well as in our commitment to sustainability, by choosing a building powered by renewable energy.”
It is expanding in the relocation from Fisher Brothers’ 1345 Sixth Ave., where it leases 42K SF, the New York Post reported. The family-run firm spent $100M to renovate the 2M SF Plaza District office tower in 2021.
BBVA was represented by JLL’s Joe Messina and Cushman & Wakefield’s Paul Ferraro, while an in-house team of Duncan McCuaig, Mikael Nahmias, Dave Caperna and Dan Roberts represented Brookfield Properties. Two Manhattan West is the sister building to One Manhattan West, which is 99% leased.
BBVA's move helps to reinforce the prevailing trend in the office market — the newest buildings with the deepest-pocketed owners have seen the most leasing success. Office buildings built after 2000 in Midtown had an availability rate under 10% in April, while prewar buildings had nearly 18% availability, according to Colliers data.