{"id":1004575491,"date":"2022-04-08T03:56:28","date_gmt":"2022-04-08T11:56:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004575491"},"modified":"2022-12-09T02:42:37","modified_gmt":"2022-12-09T10:42:37","slug":"7-world-trade-center-lands-458m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/7-world-trade-center-lands-458m-refi\/","title":{"rendered":"7 World Trade Center Lands $458M Refi"},"content":{"rendered":"
\"\"<\/a>

7 World Trade Center<\/p><\/div>\n

Silverstein Properties<\/strong> has secured a $457.5 million loan from Goldman Sachs<\/strong> for the refinancing of 7 World Trade Center in New York City. Executed in green bonds, the refinancing comprises $449.2 million in tax-exempt bonds, and $8.31 million in taxable bonds.<\/p>\n

The owner has also closed two new leases and two renewals at 7 World Trade Center, totaling more than 104,000 square feet. The iconic office building is now 97 percent leased, with only one 40,000-square-foot floor still available. Jeremy Moss of Silverstein Properties represented the landlord in all four lease transactions.<\/p>\n

New tenants at the property include Capstone<\/strong>, which committed to 40,000 square feet. Robert Lowe and Jonathan Fein of Cushman & Wakefield<\/strong> represented the company in the deal. UPSTACK<\/strong> also signed a lease for 5,400 square feet, relocating from 745 Fifth Ave.<\/p>\n

\n

READ ALSO<\/strong>: Top 5 NYC Office Building Sales<\/a><\/p>\n

\n

Kostelanetz & Fink<\/strong> renewed its 18,148-square-foot commitment. Eric Zemachson and Brian Cohen of Newmark<\/strong> represented the company in the deal. Mansueto Ventures<\/strong> also renewed its 40,000-square-foot lease, represented by David Glassman of CBRE<\/strong>.<\/p>\n

Focus on sustainability<\/h2>\n

Built in 2006, the Skidmore, Owings & Merrill-designed tower was New York City\u2019s first LEED Gold-certified office building. According to Marty Burger, Silver Properties\u2019 CEO, the high-rise continues to serve as a blueprint for sustainable development, through its refinancing carried out in green bonds.<\/p>\n

The office tower has 52 stories and 1.7 million square feet, with 40,000-square-foot customizable floorplates. Tenants at the property include companies such as Moody\u2019s Corp., Mo\u00ebt Hennessy, Zola, WilmerHale, BMI, Skidmore, Owings & Merrill, Fast Company and Inc. Magazine, Jeffrey Beers International and Silverstein Properties. All tenants have access to Silverstein Properties’ new hospitality program, INSPIRE, which features hotel-quality amenities, community events, fitness classes as well as access to every amenity space and flexible co-working space in the company\u2019s portfolio.<\/p>\n

Skadden, Arps, Slate, Meagher & Flom represented Silverstein Properties in securing the loan, while Hawkins Delafield & Wood represented underwriter Goldman Sachs<\/strong>.<\/p>\n

Not all office buildings in Manhattan have a vacancy rate as low as 7 World Trade Center. As of February, the office vacancy in Manhattan<\/a> reached 13.1 percent, up 30 basis points month-over-month, according to CommercialEdge.<\/p>\n","protected":false},"excerpt":{"rendered":"

Silverstein Properties also signed new leases and renewals at the iconic Manhattan tower.<\/p>\n","protected":false},"author":3142,"featured_media":1004575493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21783,1600,21742,10,21747],"tags":[33435,34035],"class_list":["post-1004575491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-goldman-sachs","tag-silverstein-properties"],"acf":[],"yoast_head":"\n7 World Trade Center Lands $458M Refi - MHN<\/title>\n<meta name=\"description\" content=\"Goldman Sachs provided $457.5 million for the refinancing of 7 World Trade Center, which is currently 97 percent occupied.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/7-world-trade-center-lands-458m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 World Trade Center Lands $458M Refi\" \/>\n<meta property=\"og:description\" content=\"Goldman Sachs provided $457.5 million for the refinancing of 7 World Trade Center, which is currently 97 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/7-world-trade-center-lands-458m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T11:56:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:42:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/7-World-Trade-Center-1-e1649410306831.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/7-world-trade-center-lands-458m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/7-world-trade-center-lands-458m-refi\/\",\"name\":\"7 World Trade Center Lands $458M Refi - 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