NEW YORK (CBSNewYork/AP) — An official said magazine publisher Conde Nast has finalized a lease to move into a million square feet of the signature skyscraper at the World Trade Center site.

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The official familiar with the lease negotiations told The Associated Press that Conde Nast and the trade center site’s owner have agreed to a 25-year, $2 billion lease.

The official was not authorized to speak publicly about the matter ahead of a scheduled lease signing today and spoke to the AP on condition of anonymity.

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Executives from Conde Nast and the Port Authority of New York and New Jersey were scheduled to make an announcement on the 34th floor of the building Wednesday.

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