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Silverstein Properties Welcomes ABN AMRO as the Newest Tenant of 7 World Trade Center

Silverstein Properties Welcomes ABN AMRO as the Newest Tenant of 7 World Trade Center

Dec 21, 2006
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World Trade Center developer Larry A. Silverstein today announced that ABN AMRO Inc., the Dutch banking giant, has signed a 15-year lease to occupy three and a half floors in 7 World Trade Center. At approximately 140,000 square feet on floors 30-33, the ABN AMRO deal represents the second largest tenant deal to be signed for 7 WTC, and yet another in a growing number of major corporate moves to Downtown Manhattan. The lease also brings 7 World Trade Center to over 60 percent occupancy in the six months since it opened – over 1 million square feet leased.

“We are pleased to welcome ABN AMRO to a growing roster of world-class companies that have decided to make 7 World Trade Center their home,” Mr. Silverstein said. “The brisk pace of leasing is a testament to the world-class features of this building, but more important, it is a clear demonstration that the revitalization of Lower Manhattan is gaining velocity. Each new lease signing and each new residential project is further vindication for everyone who believed in and has worked tirelessly to cultivate a vibrant downtown community.”

ABN AMRO Inc. (NYSE: ABN) will move approximately 500 employees from its investment banking and capital markets businesses, as well as all infrastructure and support, from its current location in midtown Manhattan to 7 World Trade Center. The company plans to move into the building in late 2007 or early 2008.

ABN AMRO joins an esteemed roster of tenants already committed to space at the 52-story tower since it opened in May 2006.

  • Ameriprise Financial: 39th floor (40,000 sq. ft.); Moved in June 2006
  • Darby & Darby P.C.: 41st – 42nd floors (80,000 sq. ft.); Move-in expected by May 2007
  • Mansueto Ventures LLC: 29th floor (40,000 sq. ft.); Move-in expected by March 31, 2007
  • Moody’s Investors Service: 12th – 26th floors (600,000 sq. ft.); Move-in expected for May-October 2007
  • New York Academy of Sciences: 40th floor (40,000 sq. ft.); Moved in September 2006
  • Silverstein Properties: 38th floor (40,000 sq. ft.); Moved in May 2006
  • World Trade Center Design Task Force / Pre-built office space: 11th floor (40,000 sq. ft.); Moved in December 2006

Mary Ann Tighe, Chief Executive Officer of the CB Richard Ellis New York Tri-State Region; Stephen B. Siegel, Chairman, Global Brokerage; Brad Gerla, Senior Vice President; and Simon Wasserberger, Senior Vice President; handled the negotiation of the lease agreement on behalf of Silverstein Properties. Peter Riguardi, President; Frank Doyle, International Director; Lisa Kiell, Managing Director; and Jay Lapham, Vice President; all with Jones Lang LaSalle’s New York office, represented ABN AMRO.

“With over one million square feet of transactions, no property has underscored Downtown’s robust leasing activity like 7 World Trade Center,” said Mr. Wasserberger. “In a matter of months this building has become a preeminent destination for a diverse array of the City’s most important companies and organizations.”

7 World Trade Center, which contains 42 office floors above a ten-story base, is New York City’s first high-rise office building to be certified by the U.S. Green Building Council’s Leadership in Energy & Environmental Design (LEED) rating system. The building’s environmental design features include state-of-the-art ultra-clear exterior glass technology, high-efficiency air filtration, energy and water conservation technologies and 15,000 square feet of open park space to provide a pleasing urban environment for tenants, neighbors and building visitors.

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