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Financial firms move data to Newport Financial Ctr.

Three international leaders in the financial services industry have separately announced agreements to relocate their respective data processing and telecommunications operations to the Newport Financial Center, the acclaimed high-tech office facility. The agreements are:

Morgan Stanley, New York, has acquired 34,000-square-feet in the Newport Financial Center to accommodate its data processing installations and telecommunications needs. Koeppel Tenner Riguardi represented the tenant, according to Crain's New York Business.

SWIFT (Society for Worldwide Interbank Financial Telecommunications), the Brussels-based money transfer network, has acquired 2,500-square-feet in the Newport Financial Center to accommodate the linkage of new American bank clients. SWIFT currently occupies 60,000-square-feet in Culpeper, Virginia, and 45,000-square-feet in the World Trade Center in New York.

Hokkaido Takushoku Bank, Ltd., New York branch, acquired 3,712-square-feet in the Newport Financial Center to house the computer and tele-communications operations for its North American business. Hokkaido Takushoku has offices in New York, Chicago, Los Angeles, Seattle and Vancouver.
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Title Annotation:Morgan Stanley and Company Inc., Hokkaido Takushoku Bank Ltd. and SWIFT lease commercial space in Newport Financial Center, Jersey City, New Jersey
Publication:Real Estate Weekly
Date:Aug 12, 1992
Previous Article:2 firms announce merger.
Next Article:Gould & McCoy relocates to Park Ave.

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