Moody’s Corporation Takes Two Additional Floors at 7 World Trade Center; Company to Occupy 17 Floors Totaling 670,000 Square FeetApr 10, 2007
World Trade Center developer Larry A. Silverstein today announced that Moody’s Corporation has agreed to occupy two additional floors of the 52-story, 7 World Trade Center at 250 Greenwich Street in Downtown Manhattan. This expansion brings the number of floors leased by Moody’s at 7 World Trade Center to 17.
The two additional floors, comprising 80,000 square feet, increase Moody’s total commitment at 7 World Trade Center to 670,000 square feet. Last September, Moody’s signed a 20-year lease for 590,000 square feet at the new office tower — the largest lease signed in Manhattan in 2006.
“The addition of two floors for Moody’s continues a string of recent successes at 7 World Trade Center and for the overall Downtown commercial market,” said Mr. Silverstein. “Although the building only opened last May, we have secured commitments for nearly 1.1 million square feet, which represents two-thirds of the building’s available space.”
Tenants of 7 World Trade Center include:
- ABN AMRO: 30th -33rd floors (140,000 sq. ft.); Move-in projected by early 2008
- Ameriprise Financial: 39th floor (40,000 sq. ft.); Moved in June 2006
- Darby & Darby P.C.: 41st- 42nd floors (80,000 sq. ft.); Move-in projected by May 2007
- DRW Commodities: 34th floor (8,568 sq. ft.); Move-in projected by August 2007
- Mansueto Ventures: 29th floor (40,000 sq. ft.); Moved in April 2007
- Moody’s Corporation: 11th – 28th floors (670,000 sq. ft.); Move-in projected for June – October 2007
- New York Academy of Sciences: 40th floor (40,000 sq. ft.); Moved in September 2006
- Silverstein Properties: 38th floor (40,000 sq. ft.); Moved in May 2006
- World Trade Center Design Task Force / Pre-built office space: 11th floor (40,000 sq. ft.); Moved in December
Currently headquartered at 99 Church Street in Manhattan, Moody’s is an essential component of the global capital markets. It provides credit ratings, research, tools and analysis to help protect the integrity of credit. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities; Moody’s KMV, a provider of quantitative credit analysis tools; Moody’s Economy.com, which provides economic research and data services, and Moody’s Wall Street Analytics, a provider of software tools and analysis for the structured finance industry. The corporation, which reported revenue of $2.0 billion in 2006, employs approximately 3,400 people worldwide and maintains a presence in 27 countries.
Roger A. Silverstein of Silverstein Properties, Stephen B. Siegel, chairman of global brokerage at CB Richard Ellis and Simon Wasserberger of CB Richard Ellis handled the negotiation of the lease agreement. Cushman & Wakefield Vice Chairman John Cefaly and Executive Vice President Gus Field represented Moody’s in lease negotiations.
7 World Trade Center, which contains 42 office floors above a ten-story base, is New York City’s first high-rise office building to be certified as “green” pursuant to the U.S. Green Building Council’s Leadership in Energy & Environmental Design (LEED) rating system. The building’s environmental design features include state-of-the-art ultra-clear exterior glass technology, high-efficiency air filtration, energy and water conservation technologies and 15,000 square feet of open park space to provide a pleasing urban environment for tenants, neighbors and building visitors.