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Thomson Financial expands lease at New York headquarters

29 October 2004  |  697 views  |  0 Source: Thomson Financial

Thomson Financial, a leading provider of information and technology solutions to the worldwide financial community, and part of The Thomson Corporation (NYSE: TOC; TSX: TOC), today announced it has signed a lease with H.J. Kalikow & Company that expands the presence of its world headquarters at 195 Broadway in downtown New York City.

Thomson Financial will take occupancy of an additional four floors, equaling close to 150,000 additional square footage, in the Class A office tower owned by real estate developer Peter S. Kalikow. In 2000, Thomson Financial leased approximately 300,000 square feet, or eight floors, in the office tower.

"I can think of no better home for Thomson Financial's global headquarters than New York City - the financial markets capital of the world," said Sharon Rowlands, President and Chief Operating Officer, Thomson Financial. "We are firm believers in the resurgence of downtown New York and the Kalikow organization has been a terrific and responsive landlord. These were critical aspects of our decision to expand our headquarters at 195 Broadway."

"The Thomson Corporation is one of the leading international corporations in the world. We are honored by Thomson Financial's presence at 195 Broadway and very gratified by their continued faith in us and in downtown," stated Peter S. Kalikow, president of H.J. Kalikow & Company. "Having Thomson occupy 450,000 square feet at 195 Broadway is wonderful for the property and downtown," concluded Kalikow.

195 Broadway is a more than 1 million square foot, twenty-nine story office building bounded by Fulton and Dey Streets. Designed by William Wells Bosworth, the property is a hallmark of American architecture and was the headquarters of AT&T for 70 years. In 1984, Peter Kalikow purchased the property, installing all new, state-of-the art systems suited for the modern tenant.

Governor George E. Pataki commended Thomson Financial on its commitment to downtown. "I want to congratulate Thomson on taking this major step to commit to Lower Manhattan. Smart companies like Thomson Financial are recognizing the value of locating their businesses in Lower Manhattan. Thanks to our efforts and those of Mayor Bloomberg, we are strengthening downtown's economy by partnering with companies to invest and bring jobs here."

Mayor Michael Bloomberg stated, "New York has seen a remarkable commitment from the business community to Lower Manhattan. We are experiencing a cycle of renewed confidence and determination vital for Lower Manhattan's recovery and the City's economic well being. I applaud Thomson Financial for its faith and confidence in New York and look forward to working with the company and other businesses as we continue to rebuild and revitalize our great City."

Joseph Cabrera and David Glassman of Cushman & Wakefield represented Thomson Financial in the lease negotiations. Daniel Cremins and Richard Nasti of H.J. Kalikow & Company represented the landlord.

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