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Office space company takes full floor at 1WTC

The Durst Organization has signed Servcorp, a global provider of equipped executive offices and virtual office space, to a 15-year, 34,775-s/f, full lease on the 85th floor of One World Trade Center.

With the closing of this transaction, the 3.0-million-s/f office tower is now 57.5-percent leased. Servcorp’s One World Trade Center location is scheduled to open in the first quarter of 2015.

1 World Trade Center
One World Trade Center

One World Trade Center will mark its official opening toward the end of this year when Condé Nast begins to move personnel into the building.

“As the world leader in premium managed work space, Servcorp only selects the finest buildings for its executive serviced offices,” said Marcus Moufarrige, Servcorp’s chief operating officer. “Servcorp is proud to continue its expansion across North America by being a part of the global icon that is One World Trade Center.
“It is our belief that this will become the world’s most recognized address.”
Port Authority executive director Pat Foye said “This transaction with Servcorp demonstrates that the global business community appreciates One’s value as a one-of-a-kind office location with world-class public transportation options.”

International publishing giant Condé Nast, the property’s anchor tenant, is in the closing stages of interior construction for nearly 1.2 million s/f between the 20th and 44th floors. The space will serve as the company’s global headquarters.

The property recently signed a full-floor, 34,775-s/f lease on the 87th floor to ad agency KiDS Creative, LLC.
China Center New York LLC, a division of Vantone Industrial Co., Ltd., holds a 202,732-s/f lease and will occupy the entire 65th through 69th floors, as well as a portion of the 64th floor. The U.S. General Services Administration is leasing 272,995 s/f between floors 50 through 55.

Durst is conducting the building’s global marketing campaign in conjunction with Cushman & Wakefield, whose leasing team is led by executive vice chairman Tara Stacom and includes Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty.

Designed to achieve LEED CS Gold Certification, One World Trade Center is poised to become the most environmentally sustainable project of its size in the world. The tower is being developed as a joint venture of The Port Authority of New York and New Jersey and The Durst Organization.

Servcorp, an Australia-based company, was founded in 1978 and currently has a total of 140 locations in North America, Europe, Asia and Australia.  Servcorp houses 22 locations in 13 American cities, including three existing Manhattan sites: 17 State Street, 1330 Avenue of the Americas, and the Seagram Building at 375 Park Avenue.

 

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