Condé Nast to be anchor of 1 WTC

  Jennifer Matarese, Eyewitness NewsNEW YORK (WABC) -- Conde Nast Publications will lease one million square feet at 1 World Trade Center.

Conde Nast will be the anchor of the building, as it hopes to attract more businesses.

"We built a new reality at the World Trade Center, and this transaction will be the exclamation point on that turnaround," said Christopher O. Ward, executive director of the Port Authority.

The Port Authority of New York and New Jersey had to agree to assume the last four or five years of the Conde Nast's current lease in Times Square in order to seal the deal.

The lease will go before the Port Authority's board on May 26 for final approval.

(Copyright ©2011 WABC-TV/DT. All Rights Reserved.)
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