Silverstein Chooses CBRE as Leasing Agent for 7 WTC

Silverstein Properties has chosen Los Angeles-based brokerage CB Richard Ellis to serve as exclusive leasing agent for the 52-story 7 World Trade Center, the first Lower Manhattan office tower to be rebuilt after being destroyed on 9/11.

"Three years after 9/11, Lower Manhattan has a spectacular new skyscraper and a powerful symbol of the rebirth of the World Trade Center," says Larry Silverstein of Silverstein Properties. "In less than a month, we top out the steel and we’ll have a finished building by the beginning of 2006. The rapid ascent of 7 WTC has generated interest from potential tenants, both at home and overseas, he adds.

The building encompasses about 1.7 million sq. ft., and much of that space isn’t pre-leased. Tenant floors begin at the 11th floor above grade. The untenanted first 10 floors largely are allotted for a Consolidated Edison substation and the street-level lobby facing Greenwich Street, which leads to elevator banks to the tenant floors.

In July 2001, Silverstein completed the largest real estate transaction in New York history when he acquired the 10 million sq. ft. World Trade Center, only to see it destroyed by terrorist attacks six weeks later on Sept. 11, 2001. Silverstein has committed to the redevelopment of the World Trade Center site, including 7 WTC.

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