The source says that rents at the 52-story building, whichcontains 42 tenant floors averaging 40,000 sf, range between $75and $85 per sf. In May 2006, the firm opened the 1.7-million-sftower at 250 Greenwich St., just north of the World Trade Centersite.


Silverstein Properties owns, manages, and has developed 20million sf of office, residential, and retail. HSBC that the firm "does not comment on market rumors orspeculation." When asked if a deal is struck, if the firm wouldsell its 500,000-sf building at 452 Fifth Ave., an HSBCrepresentative says that "HSBC regularly reviews its real estateholdings in order to evaluate and leverage their overall value, andsuch reviews include our office property at 452 Fifth Avenue in NewYork."


As has reported, Downtown is proving naysayer'swrong. So said Silverstein, president and CEO of the firm,in regards to those who believed Downtown was finished after 9/11,when he spoke with the Center for Real Estate Studies at New YorkLaw School breakfast. Hugh Finnegan, an attorney in the real estategroup at Sullivan & Worcester LLP, tells that thispotential lease is a significant boost for downtown. "It reflects asignificant investment from a major international financialinstitution in the future of Lower Manhattan."


The building is currently 75% occupied with tenants includingABM AMRO, Ameriprise Financial, Arnell Group, Darby & Darby PC,DRW Commodities, IVC America, Kostelanetz & Fink LLP, MansuetoVentures, Moody's Corp., National Cash Register Corp., New YorkAcademy of Sciences, Scout Real Estate Capital, ScottsdaleInsurance Co., Silverstein Properties, WhenTech, and World TradeCenter Design Task Force.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.