Condé Nast Makes $2B WTC Lease Official

Publishing giant announces it signed $2 billion lease for new offices at 1 World Trade Center.

Wednesday, May 25, 2011  |  Updated 3:37 PM EDT
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With a big name like Condé Nast on board, officials hope that more companies will express interest in the building.

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The agency that controls the new landmark tower rising at the World Trade Center has approved a deal that will bring in magazine publisher Conde Nast as a tenant.

The board of the Port Authority of New York and New Jersey voted Wednesday to approve a $2 billion lease with the publisher for new offices at 1 World Trade Center, the skyscraper formerly known as the Freedom Tower.

Conde Nast publishes Vogue and The New Yorker, among other magazines.

The tower is slated for completion in late 2013. At 1,776 feet, it will be the tallest building in the U.S.

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