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**Moody’s to Relocate Global Headquarters to Brookfield Place in 2027**
Moody’s Corporation announced plans to move its global headquarters to 200 Liberty Street at Brookfield Place in Lower Manhattan. The relocation, set for 2027, will mark a continued presence in New York City for the company, which has been headquartered there for over 115 years. Moody’s will occupy approximately 460,000 square feet in the 40-story tower.
“Brookfield Place is one of the world’s premier workplaces, and Moody’s decision to locate its global headquarters here signifies the company’s strong commitment to New York City, Lower Manhattan, their employees, and the future of their business,” said Ben Brown, Co-President of Brookfield Real Estate. “Moody’s will join an elite roster of leading companies at Brookfield Place, and we are thrilled to welcome them.”
Moody’s was represented in the deal by Cushman & Wakefield, with brokers Robert Lowe, John Cefaly, Paige Engledrum, Ed Donnery, Michael Montesi, and Nicholas Dysenchuk. Legal representation was provided by Fried Frank with attorneys Valerie Kelly, Jonathan Mechanic, and Catherine Bushong. Financial terms of the transaction were not disclosed.
In a related development, the Battery Park City Authority has reached an agreement with Brookfield Properties to modify and extend the ground lease for the 9.4-million-square-foot Brookfield Place complex. The new agreement will extend the ground lease expiration from 2069 to 2119.
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