Five years on, GSA signs 1 WTC lease

TRD New York /
Jul.July 18, 2012 10:00 AM

About five years after the General Services Administration first began talks for a space at 1 World Trade Center, the agency yesterday signed a lease for 270,000 square feet at the landmark tower the New York Post reported. The deal pushes the 3 million square-foot tower past 50 percent leased.

Last August, the CSA signed a term sheet at a rent in the low $40s per square-foot. But by this spring no further progress had been made, and Senator Charles Schumer began pressing the GSA to get the deal done by Independence Day. That effort was reportedly stalled by a Florida congressman who was fighting with the administration over a Federal Trade Commission lease in Washington, D.C.

“The fat lady sang,” an Schumer told the Post. “They finally did it.”

Conde Nast and Chinese real estate firm Vantone are the other tenants who have signed for space in the building. [Post]

Related Articles

The architect claims the design, construction and marketing of the tower rips off the design of a tower he planned and modeled for his thesis

Lawsuit over WTC design is whittled down

Condé Nast lands a second full-floor to sublease its space at 1 WTC

Condé Nast subleases 50K sf at 1 WTC to
cut costs

Silverstein Properties may be part of a hack related to 9/11 documents

Mic, which is reportedly worth $5M, was paying over $2M in rent

BounceX becomes latest digital company to move to World Trade Center

Four years after opening, 20 percent of
1 WTC remains empty. Here’s why

Durst snubs WeWork, says there are better offers for 1 WTC space