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Done Deal: GSA Signs for 270,000 SF at One WTC

NEW YORK CITY-After the Port Authority’s Board of Directors gave the green light for the lease agreement, the federal agency has now completed the deal, bringing the tower to more than half full.

By Jacqueline Hlavenka | Updated on July 18, 2012

NEW YORK CITY-It’s official: the US General Services Administration has signed on the dotted line for 270,104 rentable square feet inside One World Trade Center after several years of negotiations, the Port Authority of New York & New Jersey and joint venture partner the Durst Organization unveiled this morning. The deal follows a unanimous vote by the Port’s Board of Commissioners just three weeks ago approving a lease agreement with the federal agency at the 1,776-foot skyscraper. 

With the addition of the GSA, the tower is now more than half full at 55% occupied. Previously, Chinese real estate firm Vantone inked a deal for 200,000 square feet at the building, and magazine publisher Conde Nast agreed to anchor the tower, taking over one million square feet on floors 20-44. 

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