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Thursday, May 26, 2011

Conde Nast signs $2 billion lease

Publisher Conde Nast pays $2 billion to move to mid Manhattan

A deal has been approved that will see magazine publisher Conde Nast take over 1 million square feet over 21 floors of the landmark tower rising at the World Trade Center.

Conde Nast is the publisher of Vogue, Vanity Fair and The New Yorker, among other magazines.

The first tenant to sign a lease was a Chinese real estate firm.  This deal is guaranteed to create a lot more buzz.

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