7 World Trade Center Lands 104k-SF in Leases; Secures $457.5M Refi
The deal was executed in green bonds.
Silverstein Properties has renewed two leases and signed on two new tenants, for a total of more than 104,000 square feet at 7 World Trade Center. It has also secured $457.5 million in refinancing for the iconic building.
The four leases bring the building to 97% occupancy. They include Mansueto Ventures, which renewed its 40,000-square foot lease; Capstone, which signed a lease for 40,000 square feet; boutique law firm Kostelanetz & Fink, which renewed its 18,158-square-foot lease and marketplace UPSTACK, which signed a lease for 5,400 square feet.
“It’s very gratifying to see long-term tenants renew and new tenants join us in the building,” Jeremy Moss, Executive Vice President and Director of Leasing for Silverstein Properties, said in prepared remarks.
Separately, Goldman Sachs led the refinancing, of which $449.19 million is tax-exempt bonds and $8.31 million is taxable bonds. The deal was executed in green bonds—a continuation of the building’s track record in sustainability, according to Marty Burger, CEO of Silverstein Properties. “As New York’s first LEED-Gold certified office building, it set a new standard for sustainable design, energy efficiency, health and safety,” he said.