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| Cushman & Wakefield completes lease at One World Trade Center Working as the exclusive agent on behalf of The Port Authority of New York and New Jersey and The Durst Organization, Cushman & Wakefield, one of the world's largest commercial real estate services firms, has successfully arranged Condé Nast's one-million-square-foot office lease within One World Trade Center in Manhattan. Cushman & Wakefield was selected in 2007 by the Port Authority, which is developing the building together with The Durst Organization, to spearhead office leasing for the iconic, 3-million-square-foot, $3.1 billion tower that will be completed in 2013. With the closing of the Condé Nast transaction, more than one-third of the building has now been rented more than three years before the first tenant assumes occupancy. The signing of the Condé Nast lease represents a major milestone in the renaissance of Lower Manhattan, the city at large and the nation as a whole. The Condé Nast deal stands as Lower Manhattan's largest, private-sector leasing transaction in 20 years. Conde Nast will relocate its headquarters and consolidate its offices from several midtown Manhattan office buildings to occupy floors 20-41, or approximately one-third of One World Trade Center's office space. The transaction represents the second major corporate tenant to lease office space in One World Trade Center. China Center New York LLC, a division of Vantone Industrial Co., Ltd., signed a 190,810 square-foot lease in March, 2009. Vantone will occupy a portion of the 64th floor and the entire 65th through 69th floors. write your comments about the article :: © 2011 Construction News :: home page |