When Condé Nast signed on as the anchor tenant at One World Trade Center, the Port Authority agreed to find a replacement tenant for the company's space in 4 Times Square, which Condé will be vacating four years before its lease ends in order to move downtown. Time is running out, and the situation has become a complicated mess, seemingly caused by the Port Authority's inability to do things simply (and the fact that it's incredibly difficult to find a tenant to take 800,000-square-feet of space for just four years?who'd have thunk it?) If the PA doesn't find a tenant, they must pay Condé $200 million. [NYP]
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