1. American Express initially established its headquarters in a building at the intersection of Jay Street and Hudson Street in what was later called the Tribeca section of Manhattan .
2. American Express later established its headquarters in a building at the intersection of Jay Street and Hudson Street , and was first called Tribeca section of Manhattan .

Select your answer from the options. Are these two sentences paraphrases of each other?
Select from:
[1]. no.
[2]. yes....I think the answer is
[1].