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Zurich To Take 3 Floors, 132k At Silverstein’s 4WTC

The most expensive lease the city has is at 4 World Trade Center, right

Multi-line insurance provider Zurich American Insurance has signed a 132k SF lease for three floors at Silverstein Properties4 World Trade Center, where it’ll set up its NYC HQ in summer 2017. 

Calling NYC a “global insurance hub,” Zurich North America East Regional EVP Ed Lopes said the new location will help the Swiss insurer retain key talent and stay close to customers and brokers.

According to WTC Properties president Janno Lieber, the WTC has leased over 6M SF of office space to date, and expects momentum to continue when the property’s 300k SF of retail space—occupying the ground floor and an underground pedestrian concourse—opens next month and when the WTC Transportation Hub opens in March.

Currently at One Liberty Plaza, Zurich was repped by JLL’s Robert Romano and Martin Horner, while Silverstein was repped by director of WTC leasing Jeremy Moss, along with CBRE’s Mary Ann Tighe, Steven Siegel, Adam Foster, Steve Eynon, Evan Haskell, Robert Hill and David Caperna.

Jeremy says the lease is the largest private sector relocation Downtown in 2016.