30 January 2014
Silverstein Properties have announced that GroupM, the world’s leading media investment management group, has signed a 20-year lease at 3 World Trade Center. The firm will occupy approximately 516,000 sq ft on nine floors at the base of the 80-storey tower, currently under construction in Lower Manhattan.
GroupM, which becomes the first tenant to lease space in the building, will consolidate its 2,400 employees from several Midtown locations to 3 World Trade Center when it moves into the building, which will open in 2017. With this lease, developer Silverstein Properties will now move forward to complete the financing and construction of the tower at 175 Greenwich Street.
“Our agreement with GroupM to be the first tenant for 3 World Trade Center is another in a string of huge milestones at the World Trade Center,” said Larry A. Silverstein, President & CEO of Silverstein Properties Inc. “Our firm recently opened 4 World Trade Center, the first tower to be completed at the 16-acre site. In addition, 2014 will see the completion of One World Trade Center and the 9/11 Museum. I congratulate GroupM and thank our government partners at the World Trade Center for helping ensure continued momentum in Lower Manhattan.”
The 1,170 ft (357 m) building contains 2.5 million sq ft (232,258 m2) of light-filled, green and high-tech office space spread over 58 office floors. GroupM will occupy five 68,000 sq ft (6,317 m2) office floors at the base of the building and four 44,000 sq ft (4,087 m2) floors just above the base. The building also contains 183,000 sq ft (17,000 m2) of destination retail.