The Real Deal New York

No hard feelings? Regus takes space at Brookfield’s 1 Liberty Plaza

Office space specialist recently sued property company over security issues at 200 Vesey Street

August 11, 2014 09:00AM

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From left: Dennis Friedrich, 1 Liberty Plaza and Mark Dixon

From left: Dennis Friedrich, One Liberty Plaza and Mark Dixon

Regus Group signed a 23,000-square-foot lease at 1 Liberty Plaza, just days after suing its owner, Brookfield Office Properties.

The lease is for 15 years and the rents are in the $40s per square foot.

A leasing team from CBRE Group represented Regus in this deal. A brokerage team from Newmark Grubb Knight Frank represented Brookfield.

In the lawsuit, first reported by The Real Deal, Regus claimed that Brookfield denied its tenants access to 200 Vesey Street and implemented “oppressive” security measures. Regus also sued American Express. Regus alleged that Brookfield and American Express didn’t provide Regus’ subtenants the same level of access as other tenants in the building. [Crain's] — Claire Moses

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