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Article: First lease at hand for Trade Center; American Express unit to take space in empty tower; incentives could bring more tenants.(News)(American Express Financial Advisors joining CB Richard Ellis dividing from its parent company)
- Article from:
- Crain's New York Business
- Article date:
- July 25, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Julie Satow
developer Larry Silverstein will soon sign the first lease for his closely watched new office building 7 World Trade Center, one month after Albany passed an incentive plan to help downtown buildings.
According to sources close to the deal, a unit of the American Express Co. is in the final stages of negotiating a 15-year lease for about 20,000 square feet at the 52-story skyscraper.
"This is terrific news for downtown,'' says New York State Assembly Speaker Sheldon Silver, who represents lower Manhattan. The failure of Mr. Silverstein to land tenants for the first building rebuilt at the site of the Sept. 11 terrorist attack ...