Silverstein Properties

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Silverstein Properties is a real estate development, ownership and management organization. The firm was established in 1957 by Larry Silverstein, together with his father, Harry, and then brother-in-law, Bernard Mendik.

Silverstein Properties, Inc. has consummated in excess of 8 billion dollars in transactions, developed and/or improved more than 20 million square feet of real estate, and owns, manages and leases over 7 million square feet of prime office and residential space in Manhattan.[citation needed]

Also, Silverstein and his partners paid $3.2 billion for a 99-year lease of the World Trade Center site in spring of 2001.

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