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Board of Trade Signs Lease at World Financial Center

NEW YORK CITY-After working out of its emergency backup facility in Queens since its 4 World Trade Center operation was destroyed in the Sept. 11 attack, the Board of Trade will share space with the Mercantile Exchange come September.

By Glen Thompson | Updated on February 26, 2003

NEW YORK CITY-The New York Board of Trade, which lost its 4 World Trade Center space in the Sept. 11 attack, and the New York Mercantile Exchange officially committed yesterday to sharing a new Downtown home at the World Financial Center. The lease was signed at a ceremony attended by Governor George Pataki and Mayor Michael Bloomberg.

NYBOT, which has been working out of a backup facility at 23-10 43rd Ave. in Long Island City, Queens for more than 18 months, began talks with NYMEX within days of the terrorist bombings about sharing space.

The two exchanges signed a 10-year lease on more than 45,000 sf of trading and office space at the Brookfield Properties complex and are scheduled to begin doing business there in September. Cushman & Wakefield brokered for both tenants. Senior managing director Dennis Irvin and managing director Howard Nottingham represented NYBOT, while senior director Robert Lowe worked on behalf of NYMEX.

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