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NEW YORK CITY-Insignia/ESG today released a list of tenants it has placed since the World Trade Center bombings September 11. Ten deals totaling just shy of 2 million sf are confirmed for clients with requirements of at least 79,000 sf. Insignia/ESG says another 3.5 million sf. are pending. The completed deals are:

  • Bank of New York, two deals: 229,000 sf at 330 West 34th St., and 79,000 sf at 111 Eighth Avenue
  • Hartford Fire Insurance, 145,000 sf at 2 Park Avenue
  • US Customs, 118,000 sf at 2 Penn Plaza
  • Thacher Profitt & Wood, 100,000 sf at 11 West 42nd Street
  • Zurich-American Insurance Group, 95,000 sf at 601 West 26th St
  • American Express, three deals totaling 681,000 sf in New Jersey and Connecticut
  • Lehman Brothers Holdings, 175,000 sf at 70 Hudson in Jersey City

    Another major World Trade Center tenant, Marsh & McLennan Companies, concluded a lease for 320,000 sf. at 1166 Avenue of the Americas, a transaction that had been in progress before the World Trade Center incident.

    In its report on the real estate ramifications of the attacks, Insignia says the WTC towers’ 13.4 million sf of office space constitutes less than 4% of Manhattan’s office inventory of roughly 353.7 million sf. In addition, 70% of the Downtown market survived intact while 28.7 million sf of Downtown office space was either destroyed or damaged.

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