2 New Tenants Bring 7 WTC to FullOct 10, 2012
A British technology firm opening its first permanent U.S. office and a nonprofit centered on improving children’s lives signed deals for a total of 12,400 square feet at 7 World Trade Center, scooping up the last available smaller spaces at the tower. Those two leases come after the signing of a lease for 125,000 square feet last year at the 52-story, 6-year-old tower claimed the last of sizeable acreage in the building, which is owned by Silverstein Properties.
The two newest tenants have several things in common. Both will move onto the 46th floor in the summer, and the asking rent on each deal was $70 a square foot. One of the differences between them is that one wanted to be downtown while the other did not.
Telemetry, a London-based firm that measures the effectiveness of digital ads, signed seven-year lease for 5,400 square feet, or 13% of the floor. Originally, Telemetry wanted to locate in midtown south, near many other tech firms, but it also wanted to occupy recently built space, according to the company’s broker, Sam Seiler of CBRE Group Inc. An extensive search turned up nothing that fit the bill. However, when Telemetry executives visited 7 World Trade and saw the design and the views, they were hooked.
“It is their first permanent office in the U.S., so they wanted something that made a statement,” Mr. Seiler said. “They wanted something splashy.”
In contrast, Casey Family Services, which provides family advocacy, adoption and foster care services, wanted to stay downtown. With its lease at One Liberty Plaza nearly up and no additional room available there, the agency inked a six-year deal for 7,000 square feet. It, too, was drawn to the views, as well as the building’s LEED status, said its broker Bill Iacovelli, also of CBRE.
Silverstein Properties was represented by CBRE brokers Brad Gerla and Christie Harle.