Silverstein Properties welcomes German American Chamber of Commerce in New York to 120 Wall Street
Silverstein Properties, a leading real estate investment, development and management firm, today announced that it has signed a relocation agreement with the German American Chamber of Commerce in New York (GACC NY) at 120 Wall Street, its modernized Downtown office tower.
Established over 75 years ago to promote commerce between Germany and the United States, GACC NY will occupy a prominent portion of the Class-A building’s 20th floor. GACC NY will relocate to 120 Wall this coming summer from 80 Pine Street, which is expected to undergo an office-to-residential conversion.
Built in 1930 and impeccably maintained by Silverstein Properties, 120 Wall Street offers nonprofit organizations like GACC NY a reduced or eliminated real estate tax bill through the term of their lease and as the result of a joint program administered by Silverstein Properties and New York State’s Empire State Development. The initiative has attracted important nonprofits such as amfAR, Catalyst, and Girls, Inc. to 120 Wall Street.
“We are delighted to welcome the German American Chamber of Commerce to 120 Wall Street, a crown jewel within Silverstein Properties’ portfolio,” said Harlan Strader, Vice President of Commercial Leasing at Silverstein Properties. “Our success in reaching virtually full occupancy at the building is testament to the Silverstein team’s excellent stewardship, our Inspire amenity program and our longstanding partnership with New York State to create affordable, high-quality spaces for the nonprofit community.”
GACC NY will benefit from Silverstein Properties’ Inspire program, which delivers hospitality-focused programming across the company’s entire portfolio. Tenants can take advantage of hotel-quality on-site concierge services, social and wellness programming and a wide range of other amenities designed to seamlessly integrate with workers’ daily routines. 120 Wall Street also offers sweeping waterfront views, as well as easy access to a multitude of transit options and the wider vibrancy of downtown Manhattan.
“120 Wall Street is an ideal location and environment as we continue to support German companies to operate and thrive within the United States,” said Susanne Gellert, President & CEO of the GACC NY. “The care and attention to detail that Silverstein Properties provides will support our important mission while also fostering a productive and inspiring work environment for the entire GACC NY team.”
Silverstein Properties was represented in-house by Harlan Strader. Evan Margolin, Vice Chairman, and Scott Ansel, Managing Director of Tenant Representation at JLL represented GACC NY.
For more information on 120 Wall Street and to inquire about leasing opportunities, please click here. For building photography, please click here.
About Silverstein Properties
Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York founded by Larry Silverstein. Silverstein Properties has developed, owned and managed more than 40 million square feet of commercial, residential, retail and hotel space. Recent projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006), 4 World Trade Center (2013), the Four Seasons Downtown (2016), One West End (2017) and 3 World Trade Center (2018). The company has been recognized as one of the “Best Places to Work in New York City” by Crain’s New York Business for eight years in a row. For more information on Silverstein Properties, please visit www.silversteinproperties.com, http://www.wtc.com and www.inspireyourday.com.
About German American Chamber of Commerce
The German American Chamber of Commerce, Inc. (GACC NY) was established more than 75 years ago in New York City as an impartial promoter of commerce between Germany and the US. The organization has distinguished itself as an innovative and relevant service provider as well as a reliable partner in German-American business inquiries. Comprised of a highly qualified team of professionals, the GACC NY supports companies by facilitating the following: market entry & business development, legal services, intern visas, recruitment and startup guidance.
MEDIA CONTACTS:
Silverstein Properties:
Dara McQuillan, dmcquillan@silvprop.com; 212-551-7352
Melissa Grace, mgrace@Rubenstein.com; 917-842-6878
