Banking titan HSBC plans to put a big chunk of its New York headquarters up for lease, vacating more than 200,000 square feet at its 29-story building at 452 Fifth Avenue.
The bank, which occupies the tower in its entirety, is opening up floors 12 through 29, a spokeswoman confirmed on Wednesday evening, making available a big block of space one block south of Bryant Park.
“We’re always looking to maximize whatever real estate we’ve got. This is certainly a prime property,” HSBC spokeswoman Linda Recupero said.
With proximity to Grand Central Terminal and the revered Bank of America tower-to-be at One Bryant Park, the building could fetch rents well over $100 a square foot, real estate brokers said. Ms. Recupero declined to set any specific dates for HSBC’s move, nor did she say what would become of the workers in the space to be put up for lease.
“We’ve got to make those decisions when we’re more seriously looking at the options,” she said.
HSBC acquired the building when the bank bought Republic National Bank in 1999.