Spain’s BBVA joins ‘flight to high quality’ pattern with lease at Two Manhattan West

The so-called “flight to high quality” is extra precisely a stampede, as one other defection from a standard Midtown hall to the far West Facet demonstrates.

The newest to go away a mid-Twentieth Century workplace tower for a brand-new, extremely amenitized one is Spanish monetary providers agency BBVA. The financial institution signed for 74,000 sq. ft at Brookfield’s Two Manhattan West and can go away behind 42,000 sq. ft at Fisher Brothers’ 1345 Sixth Ave. — although that constructing was totally modernized over the previous few years.

Regina Gil, head of BBVA company and funding banking within the US, referred to as its new residence “a major constructing in a really engaging location, which can present the absolute best expertise to our crew in New York. That is yet another step in our progress plans within the US in addition to in our dedication to sustainability by selecting a constructing powered by renewable power.”

Two Manhattan West attracts all of its electrical energy wants from run-of-river hydropower services upstate.

The 58-story tower will opens its doorways within the first quarter of 2024. Its 1.9 million sq. ft are already greater than 80% leased. Tenants embody KPMG and legislation corporations Cravath, Swaine & Moore and Clifford Probability.

Sister tower One Manhattan West, which was accomplished first, is 99% leased.