Already the largest landlord in Lower Manhattan, Brookfield Office Properties will soon own even more office space in the neighborhood. According to reports, Bank of America has agreed to let Brookfield take their 49 percent stake in the 4 World Financial Center building.
However, the Wall Street Journal reported that Bank of America would continue leasing the 750,000 square feet of office real estate in the building, space inherited when the bank bought out Merrill Lynch in September 2008.
