The move will leave the 38-floor HSBC tower without its anchor tenant and mostly empty. HSBC says it's occupied the tower for 40 years and currently fills 653,000 of its 842,000 square feet.
The building is owned by Seneca One Realty LLC.
HSBC spokesman Neil Brazil says all of the employees now working in the tower will move to a nearby Buffalo office building which HSBC owns and a facility it leases in Depew by the time the tower lease expires in October 2013.
Mayor Byron Brown issued this statement:
“I just met with local officials from HSBC and I’ve been informed that the company will remain a strong private sector employer, and continue to have a significant employee presence in Buffalo and Western New York,” said Mayor Byron Brown. “With over 3000 HSBC jobs in Western New York, the Buffalo area will remain HSBC’s second largest employment hub in the country. I want to thank HSBC for its recommitment to our city by keeping its existing operation in the downtown business district and Depew, with no anticipated job loss as a result of its move from One HSBC Center. In terms of finding a new tenant to occupy downtown’s tallest building, we already have in place a number of strategic initiatives designed to attract new investment to the building and in downtown Buffalo, including the Buffalo Building Reuse Project, that have already generated interest from potentially new anchor tenants.”