Asian-based investment bank Nomura will shed office space at Worldwide Plaza On 50th Street and Eighth Avenue by not occupying a 160,000-square-foot portion of the 900,000 square feet it leases, the New York Observer reported. However, sources to the Observer said Nomura could give back 200,000 to 250,000 square feet.
This decision affects four floors total: the 33rd and 35th floors, which span around 100,000 square feet, the Observer said, plus the 29th and 30th floors. The latter two floors stand as potential space for future office expansion, according to the Observer, but Nomura decided not to take them now.
Nomura already has between 500,000 and 600,000 square feet of office space downtown in the World Financial Center: its uptown expansion seemed to be a significant move, the Observer wrote.
Nomura is not alone. Societe Generale recently leased two floors of office space at 245 Park Avenue on the market — a rough total of 72,000 square feet. [NYO]