Los Angeles – Locally based Westfield America Inc. recently reached an agreement with the Port Authority of New York and New Jersey to lease the retail component of the World Trade Center for 99 years. Westfield's net leasehold covers approximately 427,448 sq. ft. of retail space, which will be branded "Westfield Shoppingtown World Trade Center." This mall has one of the highest producing sales volumes in America with sales in excess of $900 per sq. ft.