Morgan Stanley 2015 Annual Report Download - page 29

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new asset classes and new markets. These business activities expose us to new and enhanced risks, greater regulatory
scrutiny of these activities, increased credit-related, sovereign and operational risks, and reputational concerns regarding the
manner in which these assets are being operated or held.
For more information regarding the regulatory environment in which we operate, see also “Business—Supervision and
Regulation” in Part I, Item 1.
Item 1B. Unresolved Staff Comments.
The Company, like other well-known seasoned issuers, from time to time receives written comments from the staff of the
SEC regarding its periodic or current reports under the Exchange Act. There are no comments that remain unresolved that the
Company received not less than 180 days before the end of the year to which this report relates that the Company believes
are material.
Item 2. Properties.
The Company has offices, operations and data centers located around the world. The Company’s properties that are not
owned are leased on terms and for durations that are reflective of commercial standards in the communities where these
properties are located. The Company believes the facilities it owns or occupies are adequate for the purposes for which they
are currently used and are well maintained. The Company’s principal offices include the following properties:
Location
Owned/
Leased Lease Expiration
Approximate Square Footage
as of December 31, 2015(1)
U.S. Locations
1585 Broadway
New York, New York
(Global Headquarters and Institutional Securities
Headquarters)
Owned N/A 1,332,700 square feet
2000 Westchester Avenue
Purchase, New York
(Wealth Management Headquarters)
Owned N/A 597,400 square feet
522 Fifth Avenue
New York, New York
(Investment Management Headquarters)
Owned N/A 571,800 square feet
International Locations
20 Bank Street
London
(London Headquarters)
Leased 2038 546,500 square feet
1 Austin Road West
Kowloon
(Hong Kong Headquarters)
Leased 2019 499,900 square feet
Otemachi Financial City South Tower
Otemachi, Chiyoda-ku
(Tokyo Headquarters)
Leased 2028 245,600 square feet
(1) The indicated total aggregate square footage leased does not include space leased by Morgan Stanley branch offices.
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