X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-The revitalization of Lower Manhattan continues to gain velocity, this time with another tenant checking into Silverstein’s 7 World Trade Center. Dayton, OH-based NCR Corp., a global technology solutions provider, will lease the 35th floor, where it will locate executive offices, an executive briefing center and will serve as a base of operations for 200 employees.

NCR’s commitment follows JP Morgan Chase’s decision this past summer to build a new tower at Site 5 of the new World Trade Center complex, which will serve as a base of operations for 7,500 employees. A source close to the deal tells GlobeSt.com that the lease is for 39,900 sf. The source also says that it’s a 10-year lease, but couldn’t provide any financial information; however, MrOfficeSpace.com lists the asking rent on the 35th floor at $70 per sf.

“NCR’s decision to move its executive offices to the World Trade Center site is further evidence of the continued revitalization of lower Manhattan,” says Gov. Eliot Spitzer in a prepared statement. “Together with JP Morgan Chase’s recent commitment to build and relocate its investment banking headquarters Downtown, we are seeing positive signals that Lower Manhattan remains a global center of commerce.”

New York State Assembly Speaker Sheldon Silver notes that “the decision to move the executive offices of NCR to the Ground Zero area is a demonstration of American pride and an affirmation that Downtown Manhattan is the place where our nation’s top companies belong, and where they come to compete on a global level.”

The move into the World Trade Center “will allow NCR to expand our presence in New York, where we conduct a great deal of business today and where we see a larger market opportunity as we expand our self-service technologies in our core retail and financial markets, as well as new markets, such as travel and hospitality, gaming and entertainment, healthcare and the public sector,” explains Bill Nuti, NCR chairman, CEO and president, in a release. “The new offices will provide office space for management, operations and customer sales and support, as well as a new customer briefing center where we can showcase our solutions to prospective customers.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.