The Durst Organization has signed two new One World Trade Center leases with a trendy TAMI company and a financial services firm.
Tinypass creates “ecommerce-for-content” software. The company has leased 4,936 s/f of prebuilt space on the 46th floor for a five-year term. Casablanca Capital LLC, an investment advisory firm, is leasing 2,488 s/f of build-to-suit space on the 46th floor for a five-year term.
The tallest building in the Western Hemisphere, One World Trade Center’s tenant roster extends across a spectrum of business categories. TAMI firms now comprise nearly half of the building’s leaseholders.
Downtown has seen a surge in the presence of TAMI firms. In 2004, TAMI tenants accounted for 13.4 percent of all new leases signed in Lower Manhattan. By 2014, the figure had risen to 30 percent
“One World Trade Center has widespread appeal because of its flexible office space, proximity to a talented workforce, and excellent access to transportation,” said Karen Kuznick, assistant leasing manager at The Durst Organization. “We are building a diverse and dynamic tenant roster at a world-class venue.”
“This extraordinary building is emerging as a new nexus for TAMI firms in Lower Manhattan,” said Port Authority acting director of WTC Redevelopment Beth Wolfowitz.
One World Trade Center has closed several transactions under its prebuilt/build-to-suit program. Durst has set aside a total of 141,514 s/fon the 45th, 46th and 47th floors to accommodate the requirements of 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.
The Durst Organization was represented in the latest leases by Karen Kuznick as well as by the Cushman & Wakefield leasing team led by vice chairman Tara Stacom with Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty, on behalf of the buildin
Tinypass was represented by Freddie Fackelmeyer, Zachary Price and Christopher Corrinet from CBRE. Casablanca Capital was represented by Peter Simel and James Emden of Colliers.
Global publishing giant Condé Nast, the anchor tenant at 1 WTC, began moving into its 1.2-million-square-foot headquarters between the 20th and 44th floors in November and has completed its move-in.
Other TAMI tenants include High 5 Games, a global digital gaming company, and xAd, a technology advertising firm, which is leasing the full, 43,849 s/f 60th floor.
Incandescent Technologies, which provides information management consulting services to financial institutions, is leasing built-to-suit space on the 46th floor, and ad agency KiDS Creative, LLC is planning to lease pre-built space on the 47th floor.