7 WTC is New York City's first "Green" LEED-certified GoldSkyscraper
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Display at Press Conference Announcing WestLB Lease
Photo:
Cody Lyon
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Against a backdrop of artist's renderings of the future WorldTrade Center complex, Mayor Bloomberg offered praise forSilverstein and his commitment to Downtown, congratulating him onthe buildings now reporting 85% occupancy. Financial terms of thelease were not available and neither Silverstein nor WestLBmanaging director, Connie Kain would comment on the amount the bankwill be paying.

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WestLB, in New York City since 1975, is moving from its currentheadquarters at 1211 Avenue of the Americas to floors 50 through 52of the 1.7-million square-foot building.

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The mid-day press conference, on the top floor of the first offive planned new skyscrapers, offered birds eye views of what'sbeen known simply as Ground Zero, but now, a construction sitewhere steel rises for the new Freedom Tower. Since 7 WTC's openingin 2006, the top floor, where exposed ceilings reveal plastic pipesthat capture rainwater, has been used for events, ranging fromphoto shoots and weddings to Bar Mitzvah's according toSilverstein.

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During the press conference, the Mayor praised the building's'green' designation, encouraging other developers to pursue greenarchitecture in future projects. Noting that 7 World Trade Centeris New York City's first high rise office building to be LEEDcertified by the US Green Building Council, Silverstein said "oneof the things we recognized early on was recognizing what washappening to the world's environment around us." Silverstein saidthe WestLB will now be part of a roster of tenants that includeslaw, marketing, publishing, advertising firms.

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According to earlier published reports, of the 184 companiesthat moved to Lower Manhattan between 2005 and 2007, around 85%have been outside the financial sector. "This is a great place towork and do business, it is so affordable," in comparison to othercities around the world, said the Mayor. Lower Manhattan is "75%less expensive than London's West End," said the Mayor, callingDowntown the fastest growing neighborhood in the nation.

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West LB was represented by Mark S. Weis, executive vicepresident; Scott J. Klau, executive vice president and RobertEisenberg, senior managing director of Newmark Knight Frank.Negotiations for Silverstein Properties were handled by SVP RogerSilverstein and a CB Richard Ellis team including Mary Ann Tighe,CEO of CBRE's New York tri-state region; Stephen B. Siegel,chairman, global brokerage; Howard Fiddle, vice chairman; EVP BradGerla; SVPs Adam Foster, Jason Pollen and Simon Wasserberger; andChristie Harle, senior financial analyst.

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