Despite bankruptcy, Lehman seeks space

December 17, 2008 03:22PM

Although Lehman Brothers Holdings went bankrupt earlier this year, the
failed investment bank is currently looking to lease between 150,000
and 250,000 square feet in the city. Sources said Lehman needs the
space for employees who will continue to work at the company managing
the fallout from the bankruptcy, and that the bankruptcy proceedings
require Lehman to get rid of space, so staying put is not an option.
Earlier this month, Lehman returned to the market about 97,000 square
feet at 399 Park Avenue, at 54th Street, and is in the process of returning to market
another 300,000 square feet in the building.

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