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7 World Trade Lands Four New Tenants, $458M Refi
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.
- Capstone signed 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.
- ◦Lease
- ◦Financing