The Durst Organization and The Port Authority of New York and New Jersey announced that MDC Partners has signed an 11-year lease for 199,277 s/f on the 65th through 69th floors and partial 64th floor of One World Trade Center.
MDC is the third largest tenant at One WTC and will anchor the upper portion of the building with a significant presence on the 64th floor sky lobby.
One WTC has executed nearly 2.9 million square feet of transactions and is now 93 percent leased with two million square feet of TAMI tenants.
The building opened for business in 2014 with a goal of being 92.5 percent leased by the middle of 2019.
“MDC’s New York centralization into such a modern, iconic, and purpose-built space is a key component of our strategy to enhance interagency collaboration leading to deeper and even more creative, strategic and technology-enabled solutions for marketers,” said Mark Penn, chairman and CEO of MDC Partners.
“At the same time, this allows us to drive efficiencies and alignments that will drive significant cost savings while paving the way for accelerated growth.”
“Today, the Port Authority reached a significant real estate milestone in the lease up of One World Trade Center with the building achieving 93 percent of its space leased,” said Port Authority executive director Rick Cotton. “With 2.9 million of the 3.1 million square foot tower leased, One WTC underlines the vitality of Lower Manhattan.”
“We are thrilled to welcome MDC Partners and their terrific family of companies to One World Trade Center,” said Jonathan (Jody) Durst, President of The Durst Organization.
“Since its opening in 2014, One WTC has helped transform Lower Manhattan into the thriving and dynamic neighborhood it is today. We are extremely proud to announce the building is 93% leased and look forward to filling our remaining floors with expansions and welcoming new and innovative tenants to our community of creative companies.”
“This significant lease with MDC Partners further establishes One World Trade Center as the preeminent building in Manhattan for the tech and media industry,” said David Falk of Newmark Knight Frank. MDC Partners was represented by chairman and president, JLL New York Region Peter Riguardi, managing executive director Michael Berg, vice chairman Howard Hersh, and senior vice president Brad Lane of JLL.
The landlord was represented by senior managing director Eric Engelhardt and managing director Karen Kuznick of The Durst Organization and the Newmark Knight Frank team of David Falk, Jason Greenstein, Peter Shimkin, Hal Stein and Travis Wilson.
MDC Partners is centralizing a significant portion of its New York office footprint to One World Trade Center from locations across Manhattan including the Plaza District, Grand Central, and Midtown East, among others.
MDC Partners is a global marketing and communications network with over 1,700 clients worldwide.
One World Trade Center is the tallest building in the Western Hemisphere and home to the largest community of media and tech innovators.