Lastmonth

Representatives from Silverstein Properties and Moody's offeredno comment on the pending deal. Earlier this year, Beijing VantoneReal Estate Co agreed to the basic terms of a lease for at least200,000 sf to establish a China Center at the 1.7-million-sf site.American Express spin off Ameriprise Financial signed a 10-yearlease for approximately 20,000 sf, which represents half of the39th floor. The New York Academy of Sciences was first tenant totake space when it signed a 15-year, 40,000-sf lease for the entire40th floor.

According to a source, asking rents at the site range from $50per sf to $55 per sf, depending upon the floor number. When coupledwith incentives, the rents are brought down into the $40s. Oneindustry insider tells GlobeSt.com that since mid-April there hasbeen "a lot of activity" at the site and Lower Manhattan ingeneral. "Potential tenants are looking."