GroupM has signed a 20-year lease at 3 World Trade Center for roughly 516,000 square feet across nine floors at the base of the 80-story tower, becoming the building’s first tenant and allowing Silverstein Properties to move forward with its financing and construction of the property.
The media investment management group will consolidate its 2,400 employees from several Midtown locations to 3WTC when it moves into the building, which will open in 2017.
“Our agreement with GroupM to be the first tenant for 3 World Trade Center is another in a string of huge milestones at the World Trade Center,” said Larry Silverstein, President & CEO of Silverstein Properties, in a statement. “I congratulate GroupM and thank our government partners at the World Trade Center for helping ensure continued momentum in Lower Manhattan.”
Designed by Pritzker-prize winning architect Richard Rogers and his firm Rogers Stirk Harbor + Partners and slated for LEED-certified Gold, 3WTC features a reinforced concrete core with steel structure outside the core, and is clad in an external structural steel frame.
The building features floor to ceiling glass, and all four corners and each floor plate of the tower are column-free to create an open workspace environment. The 1,170-foot-tall building contains 2.5 million square feet of light-filled, green and high-tech office space spread over 58 office floors. The building also contains 183,000 square feet of retail.
A CBRE team led by Mary Ann Tighe, Gregory Tosko, Lauren Crowley Corrinet and Brendan Herlihy represented the tenant. Jeremy Moss of Silverstein Properties handled lease negotiations for the landlord with a CBRE agency team for the site, led by Peter Turchin and Stephen Siegel.