Morgan Stanley has leased 62,000 square feet of office space in the former Lord & Taylor department store building in Garden City. 

The investment banking and financial services firm will be relocating to the top floor of 1200 Franklin Ave. in a move that will consolidate about 75,000 square feet the company has been leasing in two locations nearby at 855 Franklin Ave. and 1300 Franklin Ave. 

Morgan Stanley is expected to move to its new digs in the fourth quarter of next year once construction to transform the department store space into offices is complete. 

Lord & Taylor, which was the oldest department store chain in the country, and its parent company Le Tote, filed for bankruptcy in August 2020 and announced it would be closing all 38 of its stores, including four on Long Island. Although

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