NEW YORK CITY-The Port Authority of New York & New Jersey, which has signed a fresh lease for one million square feet of space at One World Trade Center, has decided to cut in half the amount of space a federal agency is planning to lease at the center. The U.S. General Services Administration has promised to lease 600,000 square feet, but the deal was never signed.
The Port Authority has reduced the agency's space to 300,000 square feet to get higher-paying tenants. For the full story, go to Crain's New York Business .
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