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Deals & Dealmakers

JLL to sublease 350,000 s/f for Conde Nast at 1 WTC

JLL has been tapped to sublease 350,000 s/f of Condé Nast office space at One World Trade Center space, the publisher confirmed yesterday.

After leasing one million square foot at the tower in 2011, the media giant is now looking to scale back as it grapples with an estimated $100 million in losses last year.

The sublease listing was first reported by BisNow, although rumors of the reconfiguration had been circulating for months.

Owned by the Durst Organization and the Port Authority, the tower is 77 percent leased. Earlier this month, a team from NKF took over from Cushman & Wakefield as leasing agents for the tower.

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