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Silverstein signs more deals at his 7WTC.


World Trade Center developer Larry A. Silverstein announced that Moody's Corporation has agreed to occupy two additional floors of the 52-story, 7 World Trade Center at 250 Greenwich Street in Downtown Manhattan.

In addition, Silverstein said that DRW DRW Drawing(s)
DRW Dual Rear Wheels (pickup truck)
DRW Detroit Red Wings
DRW Darwin, Northern Territory, Australia (Airport Code)
DRW Dr Who
 Commodities will occupy 8,568 s/f on the 34th floor of downtown's greenest, most modern skyscraper. The two additional floors, comprising 80,000 s/f, increase Moody's total commitment at 7 c World Trade Center to 670,000 s/f.. Last September, Moody's signed a 20-year lease for 590,000 s/f at the new office tower--the largest lease signed in Manhattan in 2006.

DRW Commodities, which currently has offices at One North End Avenue in 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
, as well as an office in Chicago, will occupy the 34th floor in one of the pre-built suites. DRW, a member of the New York Mercantile Exchange New York Mercantile Exchange (NYMEX)

The world's largest physical commodity futures exchange.
, is taking space on a pre-built floor that is being leased to small but growing New York City-based companies.

"The addition of two floors for Moody's and the first tenant on the pre-built 34th floor continues a string of recent successes at 7 World Trade Center and for the overall downtown commercial market," said Silverstein. "Although the building only opened last May, we have secured commitments for nearly 1.1 million square feet, which represents two-thirds of the building's available space."

Tenants of 7 World Trade Center include ABN AMRO, which is expected to move into its 140,000 s/f by early 2008; Ameriprise Financial, which moved into its 40,000 s/f in June 2006; Darby & Darby P.C.: 80,000 s/f with May 2007 move-in.

The other tenants include DRW Commodities (8,568 s/f), Mansueto Ventures (40,000 s/f), 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.  (40,000 s/f.), Silverstein Properties, 40,000 s/f and World Trade Center Design Task Force (40,000 s/f).

Currently headquartered at 99 Church Street in Manhattan, Moody's provides credit ratings, research, tools and analysis to help protect the integrity of credit. Moody's Corporation (NYSE NYSE

See: New York Stock Exchange
: MCO MCO Managed care organization, see there ) is the parent company of Moody's Investors Service Moody's Investors Service

A leading global credit rating, research and risk analysis firm.


Moody's Investors Service

A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers.
, which provides credit ratings and research covering debt instruments and securities.

Roger A. Silverstein of Silverstein Properties, Stephen B. Siegel, chairman of global brokerage at 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.  and Simon Wasserberger of CB Richard Ellis handled the negotiation of the lease agreement for Silverstein.

Cushman & Wakefield vice chairman John Cefaly and executive vice president Gus Field represented Moody's in lease negotiations.
COPYRIGHT 2007 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Silverstein signs more deals at his 7WTC.
Publication:Real Estate Weekly
Date:Apr 18, 2007
Words:411
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