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New York Academy of sciences signs lease at 7 WTC

World Trade Center developer Larry A. Silverstein and New York Academy of Sciences President Ellis Rubinstein announced that the internationally renowned academy has signed a 15-year, 40, 000 sq. ft. lease for the entire 40th floor at 7 World Trade Center.

The academy’s new headquarters will be approximately one block from where it was originally founded in 1817.

Founded by doctors from Physicians and Surgeons, then independent of Columbia University and New York City’s only M.D.-granting institution, the Academy is one of New York’s oldest institutions. Former members have included Albert Einstein, Charles Darwin, Louis Pasteur, Alexander Graham Bell, Thomas Edison, Thomas Jefferson, James Watson, as well as most of the leading New York scientists of every era.

Today, with more than 24, 000 members in 140 countries, the Academy counts among its Board of Governors and President’s Council the current and two preceding Nobel-Prize-winning Presidents of Rockefeller University, 20 other Nobelists and the chairmen, CEOs and presidents of world-renowned companies, academies and national funding agencies. The Academy, which was represented in the transaction by the CB Richard Ellis team of Mary Ann Tighe, Ken Meyerson and Tim Sheehan, will occupy its new space beginning in the Spring of 2006.

The Academy’s new home will include a world-class conferencing center in the space that will host major international conferences throughout the year on the most pressing current scientific issues. Additionally, scientists from the Tri-State area's foremost research institutions will use the space to discuss recent work in one of the 20 or more sections or discussion groups the Academy has made famous.

The law offices of Fried, Frank, Harris, Shriver & Jacobson served as the Academy’s legal advisor on the transaction, while Skadden, Arps, Slate, Meagher & Flom assisted Silverstein Properties. CBRE’s Steve Siegel, Chairman, Global Brokerage and exclusive leasing agent for the building, represented Silverstein Properties.



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