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."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
