Brookfield Office executes 134,000 s/f lease to Transatlantic Reinsurance; Lowe and Cefaly of Cushman & Wakefield rep. tenant

According to Brookfield Office Properties Inc., it will lease 134,000 s/f at One Liberty Plaza to Transatlantic Reinsurance Co. Transatlantic has leased the space for a 15-year term and will occupy three floors at One Liberty Plaza. The building is now 98.6% leased. "We are pleased to welcome the Transatlantic Reinsurance Co. to One Liberty Plaza in Lower Manhattan," said Jerry Larkin, senior vice president, director of leasing New York and Boston regions. "Given the high level of activity within our Lower Manhattan portfolio, we are optimistic that leasing momentum will continue through the beginning of 2013." Transatlantic was represented by Robert Lowe and John Cefaly of Cushman & Wakefield. Brookfield was represented in-house by Duncan McCuaig. Brookfield Office Properties is Lower Manhattan's largest office landlord. The company owns, operates and manages approximately 19 million square feet in New York City, including the Brookfield Place New York, the Grace Building, and the Manhattan West development, which will encompass more than five million square feet of office, residential and retail space in Midtown. Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada and Australia. Its portfolio is comprised of interests in 111 properties totaling 77 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets. Landmark properties include the World Financial Center in Manhattan, Brookfield Place in Toronto, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and Brookfield Place in Perth. The company's common shares trade on the NYSE and TSX under the symbol BPO.