NEW YORK - Loeb & Loeb LLP’s real estate team led by Partner and Chair Raymond Sanseverino represented its client Brookfield Financial Properties, in its lease of 57,439 square feet of space at One World Financial Center to X.L. America, Inc. The deal closed on May 2, 2007. The new lease extends X.L.’s existing lease, of 11,019 square feet of space, for a total of 68,458 square feet at One World Financial Center.
As a result of this transaction, One World Financial Center, which is located in lower Manhattan in Battery Park City, is now 100% leased.
Brookfield Properties is an office property corporation that owns, develops and operates premier assets in the downtown core of high-growth North American cities, including New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto and Calgary. Brookfield trades under the ticker symbol BPO on both the New York and Toronto Stock Exchanges. For more information, visit their website at www.brookfield.com. X.L. America Inc. is part of XL Capital Ltd. which through its wholly owned subsidiaries provides insurance and reinsurance coverages and financial products worldwide.
Sanseverino has worked with Brookfield Financial Properties since 1998. He is Chair of the firm’s New York Real Estate Department and its Commercial Real Estate Leasing Practice Group. Loeb & Loeb’s bicoastal real estate team of more than 20 attorneys handles all manner of real estate transactions.
About Loeb & Loeb LLP: Loeb & Loeb LLP is a multiservice national law firm with 275 attorneys and offices in Los Angeles, New York, Chicago, and Nashville. The firm is recognized as a leading law firm in the areas of corporate and securities matters; litigation; entertainment and media law; finance; real estate; intellectual property; private equity; employment; advertising and promotions and tax and wealth services. Our clients include some of the world’s largest financial institutions, major media and entertainment companies, advertising groups, real estate companies, and Big Four accounting firms, as well as many high net worth individuals.