Silverstein Properties completed four lease signings at 7 World Trade Center totaling more than 104,000 square feet and bringing occupancy to 97%. The company has also closed a $457.5-million refinancing deal for the property.
The leases include the following, with Silverstein Properties’ Jeremy Moss representing ownership:
Mansueto Ventures LLC renewed its 40,000-square foot lease, represented by CBRE’s David Glassman.
Capstonesigned a lease for 40,000 square feet, represented by Cushman & Wakefield’s Robert Lowe.
Kostelanetz & Fink, LLP, a renewed its 18,158-square-foot lease, represented by Newmark’s Eric Zemachson and Brian Cohen.
UPSTACK, a marketplace that helps customers select and activate a variety of IT services, signed a lease for 5,400 square feet. UPSTACK relocated from 745 Fifth Ave.
Goldman Sachs led the refi, including $449.19 million in tax-exempt bonds and $8.31 million in taxable bonds. The deal was executed in green bonds.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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