NEW YORK CITY-Moody's Corp.—the anchor tenant of the first tower to be rebuilt in Lower Manhattan after the Sept. 11, 2001 terrorist attacks—is growing its presence Downtown, according to the Wall Street Journal.
The company, which includes both the credit-rating unit and an analytics arm, is taking the top three floors of 7 World Trade Center. The 52-story building—developed by Larry Silverstein, president and CEO of Silverstein Properties—was the first to replace those destroyed by the 9/11 attacks.
Moody's is subleasing its 129,000-square-foot space from Germany's Portigon Financial Services, which emerged from WestLB after the company underwent a restructuring a couple of years ago. It leased the space in 2008.
"It's nice to see a downtown tenant expanding. You see so much talk about companies compressing, that it's good to see one going the other way," said Mark Weiss, a broker at Newmark Grubb Knight Frank, who represented Portigon. Cushman & Wakefield, which represented Moody's, declined to comment to the Journal.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
