Real Estate Weekly
Image default
Deals & DealmakersFeatured

MDC Partners lease 200,000 s/f at 1 WTC

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 square feet 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% leased with 2 million square feet of TAMI tenants.  The building opened for business in 2014 with a goal of being 92.5% 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, 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 one of the most influential marketing and communications networks in the world, celebrated for its innovative marketing, advertising, data, strategy, public relations, branding, digital, social, and event marketing agency partners, which are responsible for some of the most memorable and effective campaigns for the world’s most respected brands. By leveraging technology, data analytics, insights and strategic consulting solutions, MDC Partners drives creative excellence, business growth and measurable return on marketing investment for over 1,700 clients worldwide.

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. On the 64th floor, One World Commons offers 25,000 square feet of outstanding tenant amenities including a world-class business and social hub fostering workplace creativity, collaboration, and community.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


AI and cloud adoption propel data center demand to record levels for 2023