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C&W Wins Bid to Manage World Trade Center

NEW YORK CITY-The coveted assignment includes all common areas and other portions of the complex.

By Rayna Katz | Updated on July 08, 2013

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.

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