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First tenant signs lease at 7 WTC.


World Trade Center developer, Larry A. Silverstein, and New York Academy of Sciences The New York Academy of Sciences is the third oldest scientific society in the United States. An independent, non-profit organization with more than 25,000 members in 140 countries, the Academy’s mission is to advance understanding of science and technology.  President, Ellis Rubinstein, announced that the internationally renowned academy has signed a 15-year, 40,000 s/f lease for the entire 40th floor at 7 World Trade Center.

The academy's new headquarters will be approximately one block from where it was originally founded in 1817.

"It seems almost providential prov·i·den·tial  
adj.
1. Of or resulting from divine providence.

2. Happening as if through divine intervention; opportune. See Synonyms at happy.
 that the New York Academy of Sciences is returning to its original neighborhood in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North , mere footsteps from where eight doctors created what has become one of the world's finest World's Finest may refer to:
  • A number of DC Comics- related media, typically involving the teaming up of iconic superheroes Superman and Batman.
  • World's Finest Comics
 scientific institutions," said the Academy's President, Ellis Rubinstein.

Founded by doctors from Physicians and Surgeons Physicians and surgeons are medical practitioners who treat illness and injury by prescribing medication, performing diagnostic tests and evaluations, performing surgery, and providing other medical services and advice. , then independent of Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions.  and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City's only M.D.-granting institution, the Academy is one of New York's oldest institutions. Former members have included Albert Einstein, Charles Darwin, Louis Pasteur, Alexander Graham Bell Graham Bell could refer to:
  • Alexander Graham Bell (1847–1922), recognized inventor of the telephone, however is disputed to be the second inventor of the telephone, after Antonio Meucci or maybe Philipp Reis
, Thomas Edison, Thomas Jefferson, James Watson, as well as most of the leading New York scientists of every era.

"We are pleased to welcome the New York Academy of Sciences to 7 World Trade Center, in what is the first of many leases to come in the future thanks in part to the incentive package recently enacted by government," said Mr. Silverstein.

"This organization and the many that will follow them to the World Trade Center site will help bring a renewed vigor and vitality to the neighborhood and hasten its transformation into a dynamic, mixed-use, 24/7 community. While Lower Manhattan will always be recognized as the world's leading financial center, it is quickly becoming a magnet for all different kinds of businesses and organizations."

Today, with more than 24,000 members in 140 countries, the Academy counts among its Board of Governors and President's Council the current and two preceding Nobel-Prize-winning Presidents of Rockefeller University, 20 other Nobelists and the chairmen, CEOs and presidents of world-renowned companies, academies and national funding agencies.

The Academy, which was represented in the transaction by the CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  team of Mary Ann Tighe, Tim Sheehan and Ken Meyerson, will occupy its new space beginning in the Spring of 2006.

"Today's decision by the Academy, one of the world's foremost institutions of scientific collaboration and exploration, marks a significant addition to the dynamic fabric of the new Downtown. It is fitting for this leading-edge, future focused organization to make its new home in the newest and most technologically advanced property on the Downtown skyline," said Mary Ann Tighe, Chief Executive Officer of the New York Tri-State Region of CB Richard Ellis.

The Academy's new home will include a conferencing center that will host major international conferences on the most pressing current scientific issues. Additionally, scientists from the Tri-State area's foremost research institutions will use the space to discuss recent work in one of the 20 or more discussion groups the Academy has made famous.

The law offices of Fried, Frank, Harris, Shriver shrive  
v. shrove or shrived, shriv·en or shrived, shriv·ing, shrives

v.tr.
1. To hear the confession of and give absolution to (a penitent).

2.
 & Jacobson served as the Academy's legal advisor on the transaction, while Skadden, Arps, Slate, Meagher & Flora assisted Silverstein Properties. CBRE's Steve Siegel, chairman, Global Brokerage and exclusive leasing agent for the building, represented Silverstein Properties.
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Publication:Real Estate Weekly
Date:Dec 21, 2005
Words:519
Previous Article:Foster to design WTC tower.(Norman Foster to design World Trade Center tower)(Brief Article)
Next Article:UN starts 2006 with new plan for its HQ.(United Nations)(headquarters)
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