NEW YORK CITY-Oppenheimer Funds is staying at Brookfield Office Properties’ 2 World Financial Center beyond the expiration of its sublease with Merrill Lynch in 2013. The investment management firm has signed a 15-year lease for its New York offices to remain in 235,342 square feet at the 2.3-million-square-foot office property.

In a release from Cushman & Wakefield, which represented the tenant in its site search and lease negotiations, EVP Stuart Romanoff says the OppenheimerFunds lease “marks the continued resurgence of the area.” He calls the four-building WFC complex “unique. Not only is it one of the city’s premier class A office properties, it is a center of energy for the cultural and economic renaissance underway in Downtown Manhattan. This neighborhood is clearly an exciting place for business.”

Romanoff led a C&W team that also included Amy Fox and Robert Constable, along with Maureen Kelly of the firm’s consulting group. BOP was represented in-house by Jerry Larkin and Duncan McCuaig.

The New York Post first reported the deal earlier Tuesday. The Post’s Steve Cuozzo pointed out that OppenheimerFunds is not be confused with Oppenheimer & Co., which is currently based at 125 Broad St. and is said to be negotiating a possible relocation to 85 Broad St., the former headquarters of Goldman Sachs.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.