X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-One World Trade Center has secured another tenant, in the form of three government agencies. The General Services Administration has announced plans to move its regional headquarters to the tower, along with the US Army Corps of Engineers New York district headquarters and the US Customs and Border Protection New York field office. The government agencies will take six floors in the iconic building, marking the return of the federal government to the site.  

The agencies are planning to move in late 2015 to floors 50 through 55. GSA secured a lease agreement for approximately 270,000 feet of space for an initial term of 20 years. GSA will create flexible and collaborative workspaces that reduce these agencies’ footprints by an average of 40%. The building is owned by the Port Authority of New York and New Jersey, with the Durst Organization serving as an equity partner on the property. Durst represented itself in the lease negotiations. It was unclear at press time who represented GSA.

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?

Dig Deeper

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.