Zurich Inks 132,000-SF Lease for Three Floors at 4WTC
Silverstein Signs Insurance Provider in Relo from One Liberty Plaza
Zurich American Insurance Company has leased 132,000 square feet at 4 World Trade Center.
The leading multi-line insurance provider will take occupancy of the 52nd through 54th floors at the Fumihiko Maki-designed building in summer 2017 when it relocates from the nearby One Liberty Plaza building.
Headquartered in Zurich, Switzerland, the global risk manager employs 55,000 in more than 170 countries and territories while protecting American businesses for more than 100 years and insuring iconic national infrastructure projects like the Hoover Dam and Madison Square Garden.
"New York City is a global insurance hub, and the entire metro area is a large and important market for Zurich," said Ed Lopes, executive vice president, east regional executive for Zurich North America. "This new location ensures that we retain our key talent and also remain in close proximity to our customers and brokers. We’re thrilled to stay downtown in one of the most exciting, vibrant and accessible neighborhoods in the world."
4WTC is a 72-story, 2.3 million-square-foot, 5-Star trophy asset that was completed in 4Q 2013 at 150 Greenwich St. in Manhattan's World Trade Center submarket. Silverstein Properties owns the tower it developed with Maki and Associates, architect.
The 977-foot tower, the first to deliver at the 16-acre redevelopment site, faces directly onto the World Trade Center Memorial Park and features 56 floors of green and high-tech office space anchored by the Port Authority of New York and New Jersey and The City of New York with additional space taken by Hudson River Trading, Sterling Equities, MediaMath, SNY, PadillaCRT, SilverSuites, Morningstar and others. The tower integrates into the Downtown streetscape with a major concentration of street-level and subterranean pedestrian concourses leading to 11 subway lines and PATH trains as well as 300,000 square feet of destination retail space opening soon that will include Eataly, Banana Republic and H&M.
"To date, the World Trade Center has leased over 6 million square feet of office space. Now, with Zurich’s decision, the World Trade Center has attracted yet another storied name in international business," commented Janno Lieber, president of World Trade Center Properties, an affiliate of Silverstein Properties. "With the ribbon-cutting on the WTC Transportation Hub in March and 300,000-plus square feet of retail set to open next month, momentum continues to grow."
Jeremy Moss, director of World Trade Center leasing for Silverstein Properties led landlord leasing along with the CBRE agency team of Mary Ann Tighe, Steven Siegel, Adam Foster, Steve Enyon, Evan Haskell, Robert Hill and David Caperna. Martin Horner and Robert Romano of JLL represented Zurich in lease negotiations.