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AMEX Close to Inking First 7 WTC Lease

NEW YORK CITY-A month after a set of incentives was put in place to encourage lease at the World Trade Center site and 7 World Trade Center, American Express is close to inking a deal for approximately 20,000 sf at 7 WTC. The firm will be the first tenant signed at the 1.7-million-sf site.

By Barbara Jarvie | Updated on July 25, 2005

NEW YORK CITY-American Express is close to inking a deal that would make it the first tenant to sign on at Silverstein Properties’ 7 World Trade Center. Sources tell GlobeSt.com a deal for approximately 20,000 sf is pending.

Representatives from American Express, Silverstein Properties and CB Richard Ellis, which is handling the leasing of the 1.7-million-sf site, would not comment. During the unveiling ceremony for the new Freedom Tower design at the end of June, Larry Silverstein said a series of incentives recently put in place for the World Trade Center site and 7 WTC would encourage tenants, adding that there had been a remarkable amount of increased interest since the incentives were announced. “The phones are ringing. I’m encouraged by it.” He said he’s had preliminary talk with prospective tenants in the private sector regarding large amounts of space.

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