The Real Deal New York

Moody’s takes big space at 1 WTC

The credit rater leased 75,000 sf at the tower
September 18, 2015 08:01AM

An endorsement from Moody’s can make or break bond issuances, companies and governments. And it probably takes its office space seriously too. The credit rating service is expanding its presence in the Financial District, taking 75,000 square feet at the Port Authority and Durst Organization’s 1 World Trade Center.

Asking rents for the space, on the tower’s 56th and 57th floor, was $69 dollar per square foot.

Moody’s couldn’t expand its 680,000-square-feet dig at Silverstein Properties’ 7 WTC, because that building is full. Occupancy at 1 WTC stands at around 66 percent, the New York Post reported.

John Cefaly and Gus Field of Cushman & Wakefield represented Moody’s.

The deal is the largest at the tower since High 5 Games took 87,600 square feet there last year. [NYP]Ariel Stulberg