The Durst Organization and The Port Authority of New York and New Jersey today announced 108,000 square feet of direct leases have been signed at One World Trade Center. One World Trade Center has seen 37 deals totaling nearly 750,000 square feet signed in the last 24 months, making One WTC the most active building for both number of transactions as well as square footage in Lower Manhattan. The torrential pace of deals has been steadily increasing since Q4 of 2021 and the momentum continues into 2022.
Among a handful of new tenants to the building, One WTC welcomes Capital Rx, Inc., which signed a one-year lease for 9,425 square feet in a DurstReady suite on the 49th floor. Guarantr, Inc. (The Guarantors) has signed two-year lease for 6,475 square feet of prebuilt space on the 77th floor, and LiveIntent will be taking 12,698 square feet on the 45th Floor. Additionally, two firms signed leases at the building for their first office locations in New York City. Epoch Capital US LLC, with office space in Sydney and London, signed a three-year lease for 4,963 on the 46th floor; and Ponto Software signed a three-year lease for 2,747 on the 84th floor.
In addition, One World Trade Center signed three renewals. On the 47th floor, Energy Aspects Corp. signed a five-year lease for 5,262 square feet, MS Shift renewed for a one-year term in 3,210 square feet, and Iris Software signed a three-year lease for 2,578 square feet on the 46th floor of One WTC. Finally, 60,000 square feet was leased through relocations and expansions within the building.
Templafy LLC, originally a subtenant at the building, signed a three-year lease for 44,133 square feet on the 59th floor, and Jordan Park is tripling their square footage at OWTC with their move from the 71st to the 86th floor. The investment management firm’s 16,065 square feet lease is for seven years.
“Leasing activity at One WTC soared towards the close of 2021 and that momentum has carried over to 2022,” said Jonathan (Jody) Durst, President of The Durst Organization. “We expect a continued high-level of activity at One WTC in the year ahead. We are thrilled to welcome new tenants to One World Trade Center, and to New York City, and celebrate the success of existing tenants through renewals, expansions and relocations within the property,”
Capital Rx was represented by Clint Dewey and Eric Ferriello of Colliers. Epoch was represented by Rob Wizenberg of CBRE. Ponto was represented by JLL’s Kip Orban and Lance Yasinsky. Sam Einhorn and Robert Tunis of Colliers represented Energy Aspects. Iris Software was represented by C&W’s Jonathan Fein. CBRE’s Sinclair Li, Daniel Wilpon and Patrick Moroney represented Templafy and LiveIntent. The landlord was represented by Senior Vice President Eric Engelhardt and Managing Director Karen Rose of The Durst Organization and the Newmark Knight Frank team of David Falk, Jason Greenstein, Peter Shimkin, Hal Stein and Andrew Duffy.
Capital Rx is built around the mission of changing the way prescription drugs are priced and patients are serviced. A health technology company daring to reimagine the pharmacy benefits industry, Capital Rx is executing on that mission through its Clearinghouse Model® – the first ethical framework for drug pricing. Capital Rx’s enterprise pharmacy platform, JUDI™, connects every aspect of the pharmacy ecosystem in one platform, enabling patient engagement, and increasing efficiency to achieve the highest standards of clinical care.
The Guarantors is an insurance technology company providing innovative products and financial solutions for residential and commercial real estate professionals as well as their residents and tenants. They are based in New York, NY, and currently operate in 49 states. The Guarantors’ mission is to empower renters.
Epoch is a proprietary trading firm formed by a world class team of portfolio managers, traders, developers, quants and operational staff. Since 2007, their success has been built on identifying and capturing opportunities that are hard to predict, leading them to create a diversified portfolio of trading strategies.
Ponto, meaning bridge in Esperanto, links global financial products to local economies through pluggable liquidity. Focusing on the foundational regulation and infrastructure for new financial technologies so that entrepreneurs and enterprises can create great experiences for their customers.
Energy Aspects was founded in 2012 by Amrita Sen, Fredrik Fosse and Richard Bronze to meet the need for timely, independent research on international oil markets. Since then, Energy Aspects has steadily broadened the scope of their research while maintaining their commitment to timeliness and precision. Over 500 organizations, including oil majors, producers, refiners, trading houses, governments, hedge funds and utilities, rely on Energy Aspects research. Energy Aspects goal is to reveal deeply interconnected trends in energy and finance to help our clients navigate the nuances of their markets.
MS SHIFT is an established software and technology company that services the leading hotels of the world. The systems were developed for the hospitality industry to join operational needs and technology. The company, founded in 2005 by Ori Zur, a computer science engineer, and a veteran of the hotel industry, developed the first line of MS Shift software products for the hospitality industry.
Templafy is pioneering the content enablement category with a first-of-its-kind infrastructure that actively accelerates business performance with connected content. Unlike existing solutions, Templafy is embedded in company-wide workflows, going beyond simple content management to serve teams exactly what they need, when and where they need it within the applications they already work in, while allowing organizations to effortlessly govern content and track performance. Essential to business enablement and embedded in every employee’s workflow, Templafy’s platform enhances the end-user experience, aligns workforces and enables people to create on-brand, high-performing business content faster.
Iris Software is a professional software services organization offering high-quality solutions to businesses. It services the information technology requirements of companies ranging from the Fortune 100 to medium-sized firms by utilizing specialized domain knowledge, best-of-breed technologies, rapidly deployable proprietary frameworks/solutions and flexible engagement models. Founded in 1996, Iris is headquartered in Edison, New Jersey and employs 1100+ highly talented professionals and domain experts.
Jordan Park provides investment management and financial advice to a distinct community of individuals, families, and institutions. Jordan Park clients have made extraordinary contributions to business, philanthropy, government, and society. The team is composed of empathetic problem solvers with depth and diversity of experience that embraces complexity and navigate challenges to empower clients to achieve their optimal outcomes.
LiveIntent is the only programmatic advertising platform that connects brands with readers in the content-based environment of email. They allow companies to use the power of email to build relationships with people across all types of media, even when cookies don’t work; all while ensuring data flows back to them, not away from them.
Dominating the Lower Manhattan skyline, One World Trade Center is the tallest building in the Western Hemisphere and home to the largest community of media and tech innovators. The 3.1 million-square-foot LEED Gold Certified skyscraper features premier office space and some of the most spectacular views in the world.
The state-of-the-art architectural, environmental, and structural enhancements of One World Trade Center incorporate the latest technologies and innovations at the cutting edge of efficient skyscraper design. Located on the 64th floor adjacent to the Sky Lobby, Well& By Durst, a full-service 25,000 square foot amenity space exclusively for the tenants of One World Trade Center and their guests, serves as a world-class corporate and social hub, purpose-built to foster creativity, collaboration, and community. A platform for wellbeing and a place to cultivate calm, Well& By Durst is designed to energize, inspire, and connect guests in a healthy and productive environment.
Built by The Port Authority of New York and New Jersey and The Durst Organization in a unique public-private partnership, One World Trade Center sets a new standard of design, construction, and prestige. Bringing a wealth of private sector experience to One World Trade Center, The Durst Organization is responsible for marketing, leasing, and managing the property.
The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million square feet of premiere Manhattan office towers and over three million square feet of residential rental properties with 3,400 rental apartments built, and over 3,500 in the pipeline. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings where people live, work and thrive. www.durst.org
Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.