Bloomberg News

College Board to Move to Downtown Manhattan’s Brookfield Place

January 15, 2014

College Board, the owner of the SAT test, is moving its headquarters to lower Manhattan’s Brookfield Place, taking offices formerly inhabited by Merrill Lynch & Co.

The education and testing company signed a lease for about 145,000 square feet (13,500 square meters) at 250 Vesey St., according to an e-mailed statement from Brookfield Office Properties Inc. (BPO:US), the building’s owner. College Board’s main offices currently are at 45 Columbus Ave., near Lincoln Center, on the Upper West Side.

“This transaction, coupled with other notable recent relocations from Midtown and other submarkets, continued to differentiate lower Manhattan as the home to innovative thinkers across a broad spectrum of industries,” David Cheikin, vice president of leasing at New York-based Brookfield Office, said in the statement.

The agreement marks a step in the landlord’s efforts to fill about 2 million square feet of former Merrill Lynch space available at Brookfield Place, formerly known as World Financial Center and the bank’s headquarters. Bank of America Corp (BAC:US)., the Charlotte, North Carolina-based company that purchased Merrill Lynch during the financial crisis, let most of its leases at 250 Vesey and 225 Liberty St. expire in October.

College Board will move to the 16th and 17th floors at 250 Vesey and part of the 18th floor, Brookfield Office said.

About 574,000 square feet of space remains to be leased at 250 Vesey. The only “large block” of space still available in Brookfield Place is in the lower half of 225 Liberty, Matt Cherry, a Brookfield spokesman, said in an e-mail.

The law firm Jones Day took 330,000 square feet at 250 Vesey in November.

To contact the reporter on this story: Craig Giammona in New York at cgiammona@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net


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