Fast Company, Inc. To Move To 7 World Trade Center

7_world_trade_center.jpg

Fast Company and Inc. will be among the first tenants of 7 World Trade Center at 250 Greenwich Street, Mansueto Ventures, their parent company, announced today. The magazines have been sharing New York floor-space with ex-owners. Meredith, since their $35 million sale to Chicago billionaire Joe Mansueto last year.

The move is planned for early next year.

The full release:


FOR IMMEDIATE RELEASE

MANSUETO VENTURES SIGNS LEASE AT 7 WORLD TRADE CENTER TO BECOME THE FIRST CORPORATE TENANT TO LOCATE ITS NATIONAL HEADQUARTERS IN THE BUILDING

Mansueto Sees Lower Manhattan Renewal As Symbolic Of City’s History Of Leadership And Future Growth Move Planned For Early 2007

NEW YORK, July 26, 2006 — Mansueto Ventures LLC, publisher of the leading business media brands Inc. and Fast Company, announced today that it signed a 15-year lease agreement on July 25, 2006 with Silverstein Properties, Inc. for approximately 40,000 square feet of space in 7 World Trade Center, located at 250 Greenwich Street in Downtown Manhattan.

Mansueto is the first corporate tenant to locate its national headquarters in Silverstein Properties’ new skyscraper, 7 World Trade Center, which is the City’s first certified “green” commercial office building. Mansueto, which is currently located in midtown Manhattan, plans to move into 7 WTC in early 2007 and will occupy one entire floor in the building, which offers 360-degree panoramic views of New York City, the harbor and New Jersey.

“Our media brands are all about inspiring entrepreneurial passion, innovation and showcasing the vision and intellect of business leaders who think ‘beyond the box’ to create great opportunities,” said John Koten, chief executive officer of Mansueto Ventures LLC. “Our selection of 7 World Trade Center, one of the City’s newest state-of-the-art buildings that symbolizes the leadership, pride and future prosperity of the City, reflects our company ethos to see ‘beyond the box’ and our vision of the long term contributions that Lower Manhattan will provide to New York City and to the future growth of our company. The unique design of 7 World Trade Center provides an unparalleled degree of transparent open space to foster creativity and collaboration and a lovely work environment. This move to one of New York City’s most impressive buildings reflects Mansueto’s commitment to long-term growth, investment in its brands, its people and its corporate identity.”

“I welcome our new neighbor at 7 World Trade Center,” said World Trade Center developer Larry A. Silverstein. “The decision to move into this building is yet another important reminder that Downtown Manhattan is getting stronger by the day and that this neighorhood is an ideal location for a wide range of businesses.”

Mansueto joins 7 World Trade Center’s burgeoning roster of tenants leasing space since it opened in May 2006. Ameriprise Financial currently occupies the 39th floor and the New York Academy of Sciences will move into their new headquarters on the 40th floor this fall. Moody’s Investors Service, the financial rating agency, has also signed a letter of intent to lease 15 floors in the 52-story tower.

7 World Trade Center 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. 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.

Mansueto has retained the architectural firm TPG to oversee the space design and construction of its new headquarters. Adam Foster and Simon Wasserberger of CB Richard Ellis and Roger A. Silverstein of Silverstein Properties handled the negotiation of the lease agreement. Mansueto Ventures was represented by David Glassman of Cushman & Wakefield.