BBVA Bank NYC is making a big move! They're relocating their headquarters to Two Manhattan West, a sleek and modern office tower in the heart of Manhattan.
This new location will be a significant upgrade for the bank, providing a more modern and efficient workspace for their employees.
Two Manhattan West is a 2.1 million-square-foot tower that's been designed with sustainability and innovation in mind, featuring a rooftop park and a unique "winter garden" atrium.
By moving to this new location, BBVA Bank NYC is poised to take their business to the next level, with a cutting-edge workspace that reflects their commitment to innovation and customer service.
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BBVA Relocation to NYC
BBVA is moving its New York City headquarters to the Far West Side of Manhattan.
The bank signed a lease for 74,000 square feet across two floors of Brookfield Properties' 2 Manhattan West.
BBVA plans to move its 350 New York City employees from Fisher Brothers' 1345 Avenue of the Americas in the fourth quarter of 2024.
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The move will be to floors 8-9 in the 58-story tower, Two Manhattan West.
The building, Two Manhattan West, boasts LEED-Gold certification and offers various amenities, ties to transit hubs, and sustainable features, including sourcing all electricity from renewable sources.
BBVA will occupy around 74,000 square feet across floors 8-9 in the 58-story tower.
The average asking rent in Midtown in the third quarter of 2023 was $82.68 per square foot.
This move is part of BBVA's growth plans in the US, as well as its commitment to sustainability, by choosing a building powered by renewable energy.
Two Manhattan West has surpassed 80% occupancy, joining other major tenants like KPMG, Cravath, Swaine & Moore LLP, Clifford Chance, and the D.E. Shaw Group.
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Frequently Asked Questions
Does BBVA Bank still exist?
BBVA USA is the current entity that was previously known as BBVA Bank, and it was acquired by PNC Financial Services in 2021. The BBVA brand is still present in some international markets, but its US operations are now part of PNC Financial Services.
Is BBVA Bank a US bank?
BBVA Bank has a presence in the US, but its primary operations are not based in the country. It has a leading franchise in the Sunbelt region, serving customers in the US.
Does BBVA still exist in the US?
BBVA USA is no longer an independent entity, as it was acquired by PNC Financial Services in 2021. However, the BBVA brand still exists in the US, albeit under new ownership.
Is BBVA now PNC Bank?
Yes, BBVA USA is now part of PNC Bank, following PNC's acquisition of BBVA USA Bancshares, Inc. in June 2021.
Sources
- https://www.connectcre.com/stories/bbva-to-relocate-nyc-headquarters-to-hudson-yards/
- https://www.bbva.com/en/sustainability/bbva-will-transfer-its-new-york-headquarters-to-more-sustainable-offices/
- https://commercialobserver.com/2023/11/bbva-signs-74k-sf-lease-to-relocate-to-2-manhattan-west/
- https://crenews.com/2023/11/20/bbva-to-relocate-nyc-headquarters-to-two-manhattan-west/
- https://therealdeal.com/new-york/2023/11/20/brookfield-inks-spanish-bank-to-lease-at-two-manhattan-west/
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