NEW YORK CITY-The Port Authority of New York and New Jersey announced Monday it has awarded the management contract for the World Trade Center to Cushman & Wakefield.

C&W will be responsible for managing and operating 1.5 million square feet of space, including all of the site's common areas, public plazas, the transit hub, and infrastructure facilities, according to the announcement. The agreement also includes the site's river water pump house which takes in water from the Hudson River, as well as the site's central chiller plant, which is one of the largest in New York City, and will provide air conditioning to the site's retail and transportation concourses. It doesn't include management of the buildings overseen by Silverstein Properties or of the leasing and general management of the retail space. However, Cushman is the leasing agent for World Trade Center, as it was for the original complex.

“We are thrilled that the Port Authority has recognized Cushman & Wakefield as a market leader in property management and our ability to add value to such a prestigious assignment,” says John Santora, president and CEO, corporate occupier and investor services at Cushman, in the announcement. “Focusing on our expert people with the right experience and judgment, as well as our proven ability to develop a customized approach, we look forward to partnering with the Port Authority to achieve their strategic goals for this iconic site.”