Spanish financial services provider BBVA will be relocating and expanding its offices to Two Manhattan West — a 1.9-million-square-foot, Brookfield Properties-owned building near Penn Station. The firm will take up 74,000 square feet of office space across the eighth and ninth floors to accommodate its staff of roughly 350 employees currently running U.S. operations.
JLL’s Joe Messina and Cushman & Wakefield’s Paul Ferraro brokered the deal on behalf of BBVA, while an in-house team of Duncan McCuaig, Mikael Nahmias, Dave Caperna and Dan Roberts represented the landlord.
“We are pleased to welcome BBVA to its new headquarters at Two Manhattan West, a trophy tower that sets the standard for workplace excellence,” said Callie Haines, Brookfield Properties’ executive vice president for the company’s Northeast region.
“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,” added Regina Gill, head of U.S. corporate investment banking.
The move marks a significant increase in BBVA’s footprint in New York City as the company will leave behind its current premises at Fisher Brothers’ 1345 Sixth Ave., where it occupies 42,000 square feet. At Two Manhattan West, the company will be joining a tenant roster that already includes the likes of audit and tax advisory firm KPMG; global law firms Clifford Chance and Cravath; as well as Swaine & Moore LLP.
Designed by Skidmore, Owings & Merrill, the 58-story Two Manhattan West is part of the massive, six-building, mixed-use complex spanning eight acres. The superblock in the city’s Midtown West District provides high-end residential real estate, prime retail and office space.
Expected to welcome tenants in the early months of 2024, Two Manhattan West is currently 80% leased, demonstrating that there’s plenty of demand for state-of-the-art workspaces even in the era of hybrid work arrangements.
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