A pair of insurance firms inked deals for nearly 70,000 square feet at Silverstein Properties’ 4 World Trade Center, bringing the 2.3 million-square-foot office tower to 80 percent occupancy.
Global Atlantic Financial Group, currently headquartered nearby at Silverstein’s 7 World Trade Center, will relocate to building No. 4, where it’s signed a 15-year lease for 44,000 square feet on the 15th floor, the Commercial Observer reported.
In another deal, Bermuda-based insurance firm Validus signed a 16-year lease for 24,489 square feet, or a big more than half of the 47th floor of the 72-story tower. Validus is currently headquartered at 48 Wall Street, where it occupies roughly 10,300 square feet.
Asking rents in both deals were in the $70s per square foot, according to the news website.
The new leases bring the three-year-old building to roughly 80 percent occupancy after Zurich American Insurance Company took 132,000 square feet earlier this month and Hudson River Trading signed a deal for 69,000 square feet in May.