Bank of America has signed a ten-year lease with Argent Ventures for the provision of 180,000 square feet of office space in Manhattan.
The additional office space, located at 100 W. 33rd Street, Manahattan, will enable more than 400 staff to return to New York City after being displaced from the World Trade Centre on September 11.
The bank plans to move its global treasury services and global securities operations units from a temporary site in New Jersey into the new space in mid-2002.
"We have said for some time that we will continue to build our presence in New York City," says Edward Brown, president of global corporate and investment banking at Bank of America. "This lease agreement reaffirms that commitment and represents the latest example of our company's ongoing growth in New York."