NCR's commitment follows JP Morgan Chase's decision this past summer to build a new tower at Site 5 of the new World Trade Center complex, which will serve as a base of operations for 7,500 employees. A source close to the deal tells GlobeSt.com that the lease is for 39,900 sf. The source also says that it's a 10-year lease, but couldn't provide any financial information; however, MrOfficeSpace.com lists the asking rent on the 35th floor at $70 per sf.
"NCR's decision to move its executive offices to the World Trade Center site is further evidence of the continued revitalization of lower Manhattan," says Gov. Eliot Spitzer in a prepared statement. "Together with JP Morgan Chase's recent commitment to build and relocate its investment banking headquarters Downtown, we are seeing positive signals that Lower Manhattan remains a global center of commerce."
New York State Assembly Speaker Sheldon Silver notes that "the decision to move the executive offices of NCR to the Ground Zero area is a demonstration of American pride and an affirmation that Downtown Manhattan is the place where our nation's top companies belong, and where they come to compete on a global level."
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