CityBizList: One World Trade Center Signs 12 Leases Totaling More Than 290,000 in its First Year of Operation

  • Client News
  • Client: One World Trade Center

In its first year of operation, One World Trade Center has leased nearly 2 million square feet of space to 23 tenants.  This feat is bookmarked by the announcement this week of 12 new leases totaling more than 290,000 square feet.  The tallest building in the Western Hemisphere is on track to be come the most environmentally sustainable project of its size in the world.

CityBizList covered the story:

The Port Authority and The Durst Organization today announced that One World Trade Center has signed 12 new leases totaling more than 290,000 square feet since it first opened its doors to tenants a year ago today. The Western Hemisphere’s tallest building has now signed leases with a total of 23 tenants representing 1.988 million square feet of space.

In addition, xAd — one of the world’s most successful, location-focused mobile advertising companies — has doubled its commitment at One World Trade Center by taking the entire 61st floor.

The building’s tenants represent a diversity of industries including media, technology, financial services and advertising.

The largest leases signed since the building opened last fall include an 87,663-square-foot lease with High 5 Games, an 86,517-square-foot lease with xAd (43,849 on the 60th floor and 42,634 on the 61st floor), and 75,312 square feet with Moody’s Corporation.

In addition, the following tenants have leased space in One World Trade Center in the last year: Symphony Communications (8,590 square feet); Kensho (7,530 square feet); Olam America (5,451 square feet); Tinypass (4,936 square feet), Decryptex (4,156 square feet); Town Square Trading (3,510 square feet); ValueWorks (2,995 square feet); Casablanca Capital (2,488 square feet); and Legends Hospitality (2,344 square feet).

In the xAd transaction, The Durst Organization was represented in-house by Eric Engelhardt, Vice President of Leasing at One World Trade Center and Tara Stacom, Executive Vice Chairman of Cushman & Wakefield. xAd was represented by Jon Mayeske and Jamie Katcher of Cushman & Wakefield.

“With occupancy reaching nearly two million square feet, One World Trade Center is attracting consistent interest from firms representing a wide spectrum of business sectors,” said Eric Engelhardt, Vice President of Leasing at One World Trade Center. “They’re excited to take space in a top-quality building whose name is instantly recognized worldwide.”

“One World Trade Center is the catalyst propelling Downtown Manhattan’s emergence as one of New York City’s most vibrant business districts,” said Beth Wolfowitz, Port Authority Director of Leasing and Development for the World Trade Center Redevelopment Department. “We’re seeing tenants of all sizes stepping forward to sign leases, which underscores this remarkable property’s wide-ranging appeal.”

“One World Trade Center offers a unique advantage for the large number of rapidly expanding tech tenants in today’s marketplace because it can provide much-needed expansion space,” said Cushman & Wakefield Executive Vice Chairman Tara Stacom. “Several tenants who moved in have already significantly increased their space needs, and One World Trade accommodated their growth. At the same time, the modern workplace is trending toward densification, with more employees situated within relatively smaller space. But One World Trade Center helps make this process more beneficial for employers. That’s because the building’s extraordinary light and vistas enhance employee productivity, even within a relatively denser workplace setting.”

With more than a dozen participating tenants, the tower’s specialized prebuilt/build-to-suit program has proven to be a major success. The Durst Organization has set aside a total of 212,420 rentable square feet on the 45th, 46th, 47th, 83rd and 84th floors to accommodate small-space tenants from a wide range of sectors. The suites feature a variety of layouts and high-end finishes, and are available in sizes ranging from 2,000 to 20,000 square feet.

Global publishing giant Condé Nast, the anchor tenant, situated its 1.2-million-square-foot headquarters between the 20th and 44th floors. The General Services Administration has approximately 273,000 square feet on floors 50 to 55, Servcorp has approximately 35,000 square feet on the 85th floor, China Center New York has approximately 33,000 square feet on the 89th floor and One World Observatory has approximately 115,000 square feet on 100-102 and lobby floors.

One World Trade Center will provide direct, weather-protected connections to 11 subway lines, the PATH train, and the Hudson River ferries. In addition, the West Concourse pedestrian walkway — which connects the World Trade Center campus to Brookfield Place and Battery Park City — now offers access to the iconic World Trade Center Transportation Hub and to the entrance to One World Observatory. It will soon also provide access to 125 shops being developed by Westfield, including restaurants, and services, and the new MTA Fulton Transit Center on Broadway.

Designed to achieve LEED CS Gold Certification, One World Trade Center is poised to become the most environmentally sustainable project of its size in the world.

Developed by The Port Authority of New York and New Jersey, One World Trade Center sets new standards of design, construction, and prestige, and heralds the revitalization of Lower Manhattan. Managed, operated and leased by The Durst Organization, One World Trade Center is the new icon of New York’s skyline and the most recognized and desirable office address in the world.

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