The Real Deal New York

Ameriprise inks lease for 78th floor at 1 WTC

38K sf deal pushes occupancy at tower to 69 percent

June 02, 2016 12:20PM
By Konrad Putzier

From left: Ameriprise CEO Scott Cracchiolo and One World Trade Center

From left: Ameriprise CEO Jim Cracchiolo and One World Trade Center

UPDATED, June 3, 10:35 a.m.: The Port Authority of New York and New Jersey and the Durst Organization made another small step in their long quest to fill One World Trade Center with tenants. On Thursday, the partners announced that financial services firm Ameriprise Financial signed a lease for the entire 78th floor of the 104-floor, 1,776-foot building.

The 37,704-square-foot deal brings One World Trade Center’s occupancy to 69 percent – up from 62.8 percent in November 2014. This means that 20 months after completion, the tower’s availability rate is still close to triple the downtown average of 11.7 percent, according to CBRE.

Cushman & Wakefield’s Josh Kuriloff, Drew Braver and Frank Cento represented Ameriprise. The Durst Organization’s Eric Engelhardt and Karen Kuznick and a Cushman & Wakefield team led by Tara Stacom and Justin Royce represented the landlords.

Minneapolis-based Ameriprise is the second major financial firm to sign a lease at the tower. Ratings company Moody’s occupies 75,312 square feet.

Other recent additions to the tower are media company Mic and Progenics Pharmaceuticals.

Ameriprise had signed a lease at Silverstein Properties’ neighboring 7 World Trade Center in 2006. It wasn’t immediately clear whether the firm is vacating that space.

CORRECTION: an earlier version of this post incorrectly stated that 1 WTC was completed three years ago. In fact, it opened 20 months ago.

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