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GSA leases at 1 WTC, marking federal gov't return

NEW YORK (MarketWatch) -- The U.S. General Services Administration has leased space on six floors at One World Trade Center, marking the federal government's return to the project. In a Wednesday statement, GSA said it signed a lease with the Port Authority of New York and New Jersey and Durst Organization on 270,000 square feet on floors 50 through 55. The initial 20-year lease starts in 2015. With the signing, One World Trade Center -- slated to be the tallest building in the Western Hemisphere -- will be more than 55% occupied, the GSA said. Durst Organization, the closely held New York real-estate developer, is an equity partner at One World Trade and will manage and operate the building. GSA manages purchasing and provides workplaces for the federal government and it oversees the preservation of historic federal properties.