Silverstein Properties announced today that MSCI Inc., a leading provider of investment decision support tools to over 5,000 clients worldwide, has signed a 20-year lease at 7 World Trade Center. The firm will occupy approximately 125,000 square feet on floors 47 through 49 of the 52-story tower. With this lease, 7 World Trade Center has achieved full occupancy.
MSCI will move its world headquarters from its current location at One Chase Plaza, and consolidate all NYC employees to 7 World Trade Center, with occupancy in mid-2012.
"The choice of 7 World Trade Center is a milestone event for MSCI," said Henry Fernandez, Chairman and CEO of MSCI Inc. "MSCI is excited to consolidate its New York employees into this high quality and environmentally innovative office space. This building and its location in a revitalized downtown New York represents the type of workplace we believe is ideally suited for our employees, and reflects the environmental values and principles we espouse in our ESG business."
"I am thrilled to welcome MSCI to the stellar roster of top-tier companies at 7 World Trade Center," said Larry A. Silverstein, President & CEO of Silverstein Properties, Inc. "The success of 7 World Trade Center is proof that in New York City, first-class office buildings always fill up. It also reaffirms our belief that our other buildings at the new World Trade Center will be just as successful."
Gary E. Greenspan and Michael A. Burgio, both Executive Vice Presidents of Cushman & Wakefield, represented MSCI. Roger A. Silverstein, Executive Vice President of Silverstein Properties, Jeremy I. Moss, Senior Vice President of Silverstein Properties together with Stephen B. Siegel, Chairman, Global Brokerage and Peter Turchin, Executive Vice President of CB Richard Ellis handled the lease negotiations.
This lease incorporates innovative language crafted by industry leaders working with the Mayor's Office of Long-Term Planning and Sustainability to promote enhanced energy efficiency and sustainability.
"We are proud to have partnered with MSCI, a leading provider of environmental, social and governance (ESG) tools to institutional investors worldwide, on this energy-aligned lease. It is only fitting, given that 7 World Trade Center was designed and built to be a leader in the field of energy conservation," said Roger Silverstein, Executive Vice President of Silverstein Properties, Inc. "We are always looking for ways to make our buildings more energy efficient, and our tenants have become our partners in this important endeavor."
7 World Trade Center, which contains 42 office floors above a ten-story base, is New York City's first high-rise office building to be certified by the U.S. Green Building Council's Leadership in Energy & Environmental Design (LEED) rating system - achieving the gold standard in March 2006. The building's environmental design features include state-of-the-art ultra-clear exterior glass technology, high-efficiency air filtration, energy and water conservation technologies and 15,000 square feet of open park space to provide a pleasing urban environment for tenants, neighbors and building visitors.
About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools.
The company's flagship product offerings are: the MSCI indices which include over 148,000 daily indices covering more than 70 countries; Barra portfolio risk and performance analytics covering global equity and fixed income markets; RiskMetrics market and credit risk analytics; ISS governance research and outsourced proxy voting and reporting services; FEA valuation models and risk management software for the energy and commodities markets; and CFRA forensic accounting risk research, legal/regulatory risk assessment, and due-diligence. MSCI is headquartered in New York, with research and commercial offices around the world.
For further information on MSCI, please visit www.msci.com
About Silverstein Properties
Silverstein Properties, Inc. (SPI) is a privately-held, full-service real estate development, investment and management firm based in New York. Founded in 1957 by President and CEO Larry Silverstein, the company develops and acquires office, residential, hotel and retail properties. On behalf of principals, investors and financial partners, SPI has developed, owned and managed more than 35 million square feet (3.2 million square metres) of commercial, residential and retail space.
SPI has USD 10 billion worth of development activities underway, including rebuilding the commercial office space at the World Trade Center, one of the largest public-private developments ever undertaken. The company recently developed and opened Silver Towers, the largest residential rental development in New York. The company has been recognised as one of the "Best Places to Work in New York City" by Crain's New York Business for the past three years.
For further information on Silverstein Properties, please visit www.silversteinproperties.com or www.wtc.com