Cushman & Wakefield's Investor Services team tapped to run the iconic site's common facilities
The Port Authority of New York and New Jersey has selected Cushman & Wakefield as its site-wide property manager for the new World Trade Center site in Lower Manhattan. Chosen through a competitive Request for Proposals process, C&W will be responsible for managing and operating all of the site’s common areas including the site’s public plazas and other key operational facilities. These facilities will also include the site’s River Water Pump House which takes in water from the Hudson River, as well as the site’s Central Chiller Plant, which is one of the largest in New York City, and will provide air conditioning to the site’s retail and transportation concourses.
“We are thrilled that the Port Authority has recognized Cushman & Wakefield as a market leader in property management and our ability to add value to such a prestigious assignment,” said Cushman & Wakefield’s John Santora, President and CEO, Corporate Occupier and Investor Services. “Focusing on our expert people with the right experience and judgment, as well as our proven ability to develop a customized approach, we look forward to partnering with the Port Authority to achieve their strategic goals for this iconic site.”
Supported by an established management platform and best-in-class technology, Cushman & Wakefield’s Investor Services’ Property Management assists clients locally, regionally and globally with their integrated real estate strategies. Highly skilled professionals take a proactive, cutting edge approach to deliver customized solutions and work with investors to maximize the financial potential of their assets.