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Deals & Dealmakers

News outlet Mic takes full floor at One World Trade Center

News outlet Mic has joined the migration of media and advertising companies heading downtown, signing a lease for a floor at One World Trade Center.

The Durst Organization and The Port Authority of New York and New Jersey announced the closing of a 36,000 s/f lease with the company for the entire 82nd floor in the tallest building in the Western Hemisphere. The property is now 67 percent leased.

Founded in 2011, Mic is a media company providing original stories, analysis, and video largely geared toward millennial audiences. The firm reaches more than 30 million people each month.

Mic’s editors, reporters, producers, designers and engineers cover such topics as news, policy, technology, pop culture, science, relationships, identities, music, arts and world events. Mic will officially move into the building in July 2016.

“We’re thrilled to be moving Mic’s headquarters into such an important New York City landmark,” said Dan Figenshu, SVP, Finance, Mic.

“One World Trade is a symbol of the reinvigoration of Downtown Manhattan and we’re honored and excited to be a part of the building that represents the future.”

“With the arrival of this fast-growing media company, One World Center’s tenant base continues to mirror the diversity of firms populating Lower Manhattan today,” said Eric Engelhardt, vice president of leasing at One World Trade Center for The Durst Organization.

“One World Trade Center offers work settings that inspire creativity, leading Downtown’s transformation into a dynamic center for a spectrum of emerging and well-established businesses alike.”

Beth Wolfowitz, Port Authority Director of Leasing and Development for the World Trade Center Redevelopment Department, said, “MIC’s stunning, full-floor space offers vistas that will boost productivity and stimulate the imagination.”

Last year, the 1,776-foot-tall One World Trade Center reached a milestone of two million square feet of leased office space since its opening in November 2014, an accomplishment equivalent to the full lease-up of two major Manhattan skyscrapers.

One World Trade Center now includes a roster of 26 tenants representing such business sectors as media, technology, financial services, advertising and biotechnology.

Among the property’s largest tenants, global publishing giant Condé Nast, the anchor tenant, has 1.2-million-square-foot headquarters. The General Services Administration has approximately 273,000, online gaming company High 5 Games occupies 87,663, mobile advertising firm xAd occupies 86,517 square feet, and financial services giant Moody’s has signed a lease for 75,312 square feet.

The Durst Organization was represented in-house on the Mic transaction by Engelhardt, and by a Cushman & Wakefield team led by Tara Stacom that includes Justin Royce, Barry Zeller, Connor Daugstrup, and Peter Trivelas. MIC was represented by Transwestern’s New York House.

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