Tentative Deal Struck To Bring German Bank to 7 World Trade

From The Real Deal: "Less than two months after HSBC backed out of a massive lease agreement at 7 World Trade Center, Silverstein Properties has reached a tentative agreement on a new lease with German lender WestLB, sources familiar with the discussions said. WestLB, a leading German financial institution, has agreed to relocate to the Lower Manhattan building with a 129,000-square-foot lease on the 50 to 52nd floors. Asking rents at the 1.7-million-square-foot tower range from $75 to $85 a square foot for the top two floors."

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