Bank of China may be based in Beijing, but this does not mean the financial institution has overlooked the importance of leasing office space in New York City. Many of the biggest financial companies in the world have offices in the Big Apple, and it appears that Bank of China understands the importance of taking its presence to the next level in the area.
The company is currently in talks to lease a large office space at 7 Bryant Park. This high end office tower is currently in the final stages of development, being built in close proximity to Bryant Park between West 39th and 40th streets.
The 471,000-square-foot tower, rising 30 stories high, has the chance to attract one or more high end tenants. With development coming to an end this month, the space is ready to be occupied by the early part of 2015.
At this time, it is unclear as to how much space Bank of China would need, although rumors point towards the financial institution considering somewhere in the area of 200,000 square feet.
For many years, the international bank has done business in New York City from its office at 410 Madison Ave.
One of the primary benefits of moving to 7 Bryant Park would be branding opportunities, thus giving the bank an increased level of publicity in the city.
There are many office buildings located throughout New York City and surrounding areas, but Bank of China has its eyes set on 7 Bryant Park, a choice that is sure to help the company grow its presence in the city.
Source: Crain's New York Business, "Bank of China eyes big Bryant Park lease" Daniel Geiger, Jul. 23, 2014