STAMFORD, CT—State and city officials here are on edge afterlearning late last week that Swiss banker UBS hashired commercial brokerage firm Cushman &Wakefield to market its office tower on Washington Blvd.here.

Cushman & Wakefield confirmed last week that it has beenhired by UBS to market the 14-story, 725,000-square-foot officebuilding at 677 Washington Blvd., according to theHartford Courant. UBS has been cutting its investment bankingworkforce over the past few years. In 2011 the company received $20million in state incentives to keep 2,000 jobs at its three leasedoffice buildings in downtown Stamford for five years. The deal withGov. Dannel Malloy at the time was made when UBSannounced it was cutting 3,500 jobs worldwide.

Jay Hruska, vice chairman of Cushman &Wakefield and lead on the UBS assignment, says, "We are trying toassist the owner in evaluating their options as it relates topotentially backfilling that building if any space becomesavailable, which it's very early to tell.”