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Deals & Dealmakers

1WTC signs two new tenants

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.”

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.

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