NY's World Trade Center acquires major new tenant

NEW YORK, NY - APRIL 30: A man takes a photo as construction continues on One World Trade Center (L) after workers moved a steel column into place to make it New York City's tallest building on April 30, 2012 in New York City. One World Trade Center's height is now just beyond the 1,250 feet of the observation deck at the Empire State Building. (Photo by Mario Tama/Getty Images) Mario Tama

NEW YORK The World Trade Center is taking another big step in recovering from the 2001 terror attack with a major new tenant in a rising skyscraper.

A person familiar with the negotiations told The Associated Press on Tuesday advertising company GroupM has reached agreement with developer Larry Silverstein for space in 3 World Trade Center. The person spoke on condition of anonymity because talks are still underway.

The person says GroupM is moving into nine lower floors of the 80-story, $2 billion tower slated to be finished by 2016. The final contract has yet to be signed.

The Manhattan site now has three commercial towers under construction that real estate analyst Dan Fasulo calls the core of the new trade center.

GroupM is part of the marketing company WPP Group PLC.

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