With Two New Leases, 4 WTC Occupancy Hits 80%

Two insurance companies have signed leases for Silverstein Properties’ 4 World Trade Center, taking up 69k SF of the 2.3M SF office tower.

Global Atlantic Financial Group has signed a 44k SF, 15-year lease for the 72-story tower’s 51st floor, doubling its current HQ's size at Silverstein’s 7 World Trade Center, the Commercial Observer reports.

Silverstein World Trade Center leasing director Jeremy Moss repped the landlord in-house with CBRE’s Mary Ann Tighe, Steven Siegel, David Caperna, Steve Eynon, Adam Foster, Evan Haskell, Robert Hill and Ken Meyerson. Savills Studley’s Erik Schmall and Michael Mathias repped the tenant.

Currently in a 10k SF space in 48 Wall St, Bermuda-based insurance firm Validus signed a 16-year, 25k SF lease for half of 4 WTC’s 47th floor.

The CBRE team worked with Silverstein’s Camille McGratty to rep the landlord in-house, while Validus was repped by CBRE’s Eric Deutsch and Jonathan Cope.

Now 80% leased, the tower has scored more than 200k SF of new leases over the last few weeks. Earlier this month, Zurich American Insurance Co signed a 132k SF lease for three floors, and in May, financial tech company Hudson River Trading signed to take two floors.

In addition to several TAMI businesses—including PadillaCRT, MediaMath and New York Mets broadcaster SNY—the tower’s anchored by the City of New York and the Port Authority, which ground leases the site to Silverstein. [CO]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Century 21 Retail Redevelopment Advances With New Financing, Leases: The N.Y. Deal Sheet

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Brookfield Offloads 3-Building Silver Spring Office Complex