Port Authority Taps CBRE as Property Manager for World Trade Center
The Port Authority of New York and New Jersey has selected CBRE as the site-wide property manager for the 16-acre World Trade Center campus. CBRE will operate and maintain an extensive scope of public spaces and centralized infrastructure, including the Oculus, PATH transportation hub, Liberty Park, heating and cooling systems and other facilities under a seven-year contract.
The firm will also work to maintain the World Trade Center campus as a safe landmark of international significance and modern world-class destination while also serving as a vibrant anchor for the lower Manhattan community. CBRE will assume these responsibilities on July 1.
“This contract will provide the Port Authority with best-in-class management of the iconic WTC campus with new provisions in place to meet key performance standards,” said Rick Cotton, the Port Authority’s executive director. CBRE was awarded the contract based on a request for proposals issued last October.
