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Brookfield names CBRE leasing agent for 3 WFC.

CB Richard Ellis has been selected as the leasing agent for the one million square feet of office space at Three World Financial Center in Lower Manhattan, owned by Brookfield Properties Corporation.

The available space in the 51-story tower is the only large block of space remaining at the World Financial Center, the spectacular eight million-square foot, four-office tower complex that is home to Merrill Lynch, Dow Jones, Deloitte & Touche, and Cadwalader, Wickersham & Taft, in addition to American Express.

Mary Ann Tighe, CEO of CBRE for the Tri-State Region, will provide overall direction for the project, while Gregory Knoop, newly-appointed head of Agency Leasing for Downtown, will oversee day-to-day leasing initiatives. The other agency team members are Peter Brindley, Zachary Freeman, Kenneth Rapp and Bruce Surry who will market the opportunity. Early this year the law firm of Morgan & Finnegan, represented by CBRE, leased floors 20 and 21 (100,000 square feet) at Three World Financial Center from Brookfield. The law firm left Midtown to return to its original roots in Downtown Manhattan.

"We are about to implement a highly-targeted marketing strategy on this project," said Mr. Knoop, "contacting potential tenants to devise creative occupancy scenarios for them, and enlightening them about the property's unique benefits, amenities, and strong location."

According to Ms. Tighe, "Lower Manhattan is steadily recovering and we are proud to be involved as leasing agents for 3WFC, undisputedly one of Manhattan's most prestigious office properties."

"We have been encouraged with the leasing momentum that's been building at Three World Financial Center and are pleased to partner with CBRE, whose market reach will help us finish up our aggressive leasing targets," said Dennis Friedrich, President and Chief Operating Officer of Brookfield's U.S. Commercial Operations.

Designed by renowned architect Cesar Pelli, the World Financial Center was completed in 1988 and is the world headquarters of some of the world's most respected companies. The centerpiece of the complex is the distinctive Winter Garden, known for its 16 majestic 12-meter palm trees from the Sonora desert, and the exquisite outdoor plaza, offering stunning views of the Hudson River and New York Harbor.

The government's $20 billion commitment to rebuild and redevelop Lower Manhattan includes financial incentives for new tenants and continues to attract occupiers from a wide range of industries.
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Title Annotation:CB Richard Ellis; Brookfield Properties Corporation
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 13, 2004
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