Silverstein Houses has renewed two leases and signed on two new tenants, for a full of much more than 104,000 square feet at 7 World Trade Center. It has also secured $457.5 million in refinancing for the legendary setting up.
The 4 leases carry the developing to 97% occupancy. They contain Mansueto Ventures, which renewed its 40,000-sq. foot lease Capstone, which signed a lease for 40,000 square feet boutique regulation agency Kostelanetz & Fink, which renewed its 18,158-sq.-foot lease and market UPSTACK, which signed a lease for 5,400 sq. feet.
“It’s incredibly gratifying to see long-phrase tenants renew and new tenants be a part of us in the constructing,” Jeremy Moss, Govt Vice President and Director of Leasing for Silverstein Qualities, explained in ready 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 monitor document in sustainability, in accordance to Marty Burger, CEO of Silverstein Homes. “As New York’s to start with LEED-Gold certified workplace developing, it established a new conventional for sustainable style and design, electricity performance, wellbeing and protection,” he claimed.