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Deals & Dealmakers

Silverstein inks 100,000 s/f lease at 3 WTC

Silverstein Properties announced that law firm Kelley Drye & Warren LLP has signed a 15-year, 103,000 s/f office lease at 3 World Trade Center.

Currently located at 101 Park Avenue, the firm will move to the 66th, 67th and 68th floors of the new tower in 2020.

Kelley Drye will be the first law firm in the building, where it will join tenants including GroupM, Diageo, Better.com, Casper, IEX and Hudson River Trading. The building opened in June 2018.

LARRY SILVERSTEIN

“3 World Trade Center is one of the most advanced, high tech and sustainable office buildings in the country,” said Larry Silverstein, chairman, Silverstein Properties.

“And it just happens to be located in the heart of the hottest neighborhood in the city. I’m delighted to welcome Kelley Drye to our new building, and look forward to the firm’s growth and prosperity here.”

Founded in 1836, with nine offices across the United States and Belgium, Kelley Drye is home to practitioners in the areas of litigation, trade, regulatory, government relations, real estate, corporate, bankruptcy and more.

“As our firm looks to the future, we wanted office space that mirrors our commitment to innovation and growth,” said Jim Carr, Chair of Kelley Drye.

“3 WTC is a state-of-the art building that will allow us to serve our clients in a transformational new space and provide a quality work environment for our employees. As Kelley Drye moves into its next chapter, we look forward to joining many of our clients and other companies in this historic and dynamic New York City neighborhood.”

Jeremy Moss, executive vice president of Silverstein Properties, and Camille McGratty, vice president of leasing at Silverstein Properties, led negotiations on behalf of the landlord, alongside a CBRE team consisting of Mary Ann Tighe, Ken Meyerson, Adam Foster, Evan Haskell, Steve Eynon, David Caperna and Rob Hill.

MARY ANN TIGHE

Bob Bickford led the negotiations on behalf of Kelley Drye, which was represented by Patrick Heeg and Ryan McKinney of Transwestern.

“With private sector employment numbers in Lower Manhattan at an all-time high, the World Trade Center continues to play a leading role in accommodating this growth,” said Moss. “The World Trade Center offers all types of companies flexible space, incredible views, direct access to transit, and the ability to attract exceptional talent from all over the city.”

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