Volant Trading Inks Lease for Last Available Prebuilt Space at 7 WTC

In a 7-year, $75/sf deal, an equity and derivatives trading firm has leased the last available prebuilt office space at the LEED Gold-certified 7 World Trade Center in lower Manhattan.

Larry Silverstein has leased the last available prebuilt space at his 7 World Trade Center. As you’ll recall, the tower was the first commercial office building in New York City to earn LEED Gold certification. Equity and derivatives traders Volant Trading, which was formerly located at 99 Wall Street, plans to move into building in March. The firm is quadrupling its existing space by taking 7800 square feet at 7 WTC, or approximately one fifth of the tower’s 33rd floor. Volant signed a seven-year deal at $75 per square foot. CB Richard Ellis’s Rob Wizenberg, who represented Volant in the negotiations, noted that the firm “wanted absolutely top-quality space. The layout was perfect and they love being downtown.”

According to Crain’s, the firm did perform a comprehensive search across Manhattan but was ultimately swayed by 7 WTC’s location and “high-end prebuilt offices.” No mention in the press release as to whether Volant was swayed by the tower’s green design features, but if “absolutely top-quality” now means LEED-certified, other owners should probably take note, even in this lousy local economy.

Note that after German bank WestLB finalized a fifteen-year, 129,000-square-foot lease with Mr. Silverstein back in December for the top three floors of 7 WTC, the tower stood at 83 percent occupied (1.42 million square feet leased).

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