The Durst Organization has signed a pair of new leases at One World Trade Center, the iconic, 1,776-foot-tall tower that is playing a preeminent role in the resurgence of Lower Manhattan.
Symphony, the real-time communications platform ensuring security, privacy and compliance of financial and enterprise customers, will occupy 8,590 square feet of prebuilt space on the 45th floor of the Class-A tower. Recently in the news for its $66 million investment from leading financial institutions, Symphony is proving to be one of the leading TAMI (technology, advertising, media and information) tenants in communications and productivity services.
Olam Americas, which sources, processes, and distributes such agricultural commodities as cocoa, cotton, coffee and cashews, has signed a ten-year lease for 5,451 square feet of build-to-suit space on the 47th floor. The firm is a subsidiary of Olam International Limited, a company which operates “seed to shelf” in 65 countries worldwide, with a focus on sustainable growth.
The 3.0-million-square-foot One World Trade Center has closed numerous transactions under its specialized prebuilt/build-to-suit program. The Durst Organization has set aside a total of 141,514 square feet on the 45th, 46th, and 47th floors to accommodate small-space tenants from a variety of sectors. Suites with pre-built and build-to-suit, high-end finishes are available in sizes ranging from 2,000 to 20,000 square feet.
“One World Trade Center is a one-of-a-kind architectural achievement that is attracting a wide spectrum of tenants,” said Karen Kuznick, Assistant Leasing Manager at The Durst Organization. “We are pleased to have signed with our newest firms and we welcome Symphony and Olam to our community.”
“A global model of design excellence, this remarkable building stands as the rallying point for the exciting Downtown renaissance,” said Port Authority Acting Director of WTC Redevelopment Beth Wolfowitz. “As the World Trade Center campus steadily takes shape, One World Trade Center is delivering substantial benefits for tenants, consumers and visitors alike.”
“The One World Trade Center address brings unparalleled marketing value for every tenant, while offering first-class amenities in a setting that promotes operational efficiency,” said Cushman & Wakefield Executive Vice Chairman Tara Stacom, who leads the firm’s leasing team of Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty, on behalf of the building. “This internationally prominent property also meets the needs of companies seeking space that brings a high degree of flexibility in workplace design.”
The Durst Organization was represented in-house on the two new transactions by Karen Kuznick as well as by the Cushman & Wakefield leasing team. Symphony was represented by Rob Lowe and Nicholas Dysenchuk of Cushman & Wakefield. Olam Americas was represented by Jonathan Fein and Dan D’Agnes of Cushman & Wakefield.
Global publishing giant Condé Nast, the anchor tenant, situated its 1.2-million-square-foot headquarters between the 20th and 44th floors.
In addition to Condé Nast, the following firms have taken space and are operational in the building: Legends Hospitality, LLC; Incandescent Technologies, which provides information management consulting services to financial institutions; independent asset manager C12 Capital Management; global executive office space provider Servcorp; and The Durst Organization’s downtown office.
Other tenants include: China Center New York LLC, a division of Vantone Industrial Co., Ltd.; Westfield LLC, the U.S.-based affiliate of Westfield Corporation, one of the world’s leading retail development companies and owner/developer of the World Trade Center retail facilities; High 5 Games, a global digital gaming company; xAd, a technology advertising firm; commercial real estate services firm Cushman & Wakefield; among several others.
Located in close proximity to a talented and rapidly growing workforce, Lower Manhattan is home to a steadily increasing population of more than 62,000 residents, with new residential development underway.
One World Trade Center provides direct, weather-protected connections to 12 subway lines, the PATH train, and the Hudson River ferries for convenient access to the workforce of the entire metropolitan area. In addition, the West Concourse pedestrian walkway — which connects the World Trade Center campus to Brookfield Place and Battery Park City — has been extended to offer access the iconic World Trade Center transit hub designed by architect Santiago Calatrava. It will soon also provide access to the 150 shops, restaurants, and services of Westfield World Trade Center, and the new MTA Fulton Transit Center on Broadway.
The building is home to the recently opened One World Observatory on levels 100, 101 and 102. Managed and operated by Legends Hospitality, the Observatory provides unique, panoramic views of New York City, its most iconic sites, and surrounding waters.
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.
