NEW YORK CITY—Brookfield Office Properties is close to sealingup the gaping hole left by Merill Lynch's departure from BrookfieldPlace.


The firm has nearly completed lease transactions for thecomplex with several prospective tenants, according toBloomberg News. In addition, has learned ofanother lease that reportedly was signed recently at the newlyrenovated development.


Brookfield is in the late stages of negotiating a lease for140,000 square feet at 250 Vesey St.—part of Brookfield Place—toJane Street Capital, a trading firm, two people with knowledge ofthe discussions tell Bloomberg. The deal would bringoccupancy at the 2 million square foot skyscraper, once Merrill'sheadquarters, to more than 90 percent. Neither Brookfield nor JaneStreet responded to requests by for comment by presstime. Cushman & Wakefield, which represents Jane Street,declined to comment.


Meanwhile, Bank of New York Mellon Corp. is said to be nearlyready to put pen to paper for approximately 400,000 square feet at225 Liberty St., another section of Brookfield Place. A spokesmanfor BNY only would tell, “The company is examiningpotential properties to lease in New York and New Jersey. Thatprocess continues and no decisions have been made. We expect tomake a decision by the end of the second quarter or the beginningof the third.”


Additionally, industry sources tell that ExperionDesign Group has signed an 85,000-square-foot lease at BrookfieldPlace. The tenant did not respond to a request for comment by presstime.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.