April 18, 2017
HSBC USA NA, a subsidiary of banking giant HSBC, has committed to keep its headquarters at 452 Fifth Ave., a 865,000-square-foot trophy office tower that will continue to be 100% occupied.
“The HSBC commitment speaks to the continued strength of the Bryant Park submarket and 5th Avenue as a world class business address,” said Eli Elefant, CEO of owner PBC USA.
The bank’s five-year lease will fill 548,000-square-feet at the 865,000-square-foot tower, which PBC bought from HSBC for $330 million. Since then, PBC finished a multi-million-dollar capital improvement campaign.
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