The Durst Organization has signed online gaming company High 5 Games to a 15-year lease for the entire 58th and 59th floors of One World Trade Center. The two floors total 87,663 s/f.
Adding to a building roster that includes a growing number of leading digital and creative tenants, PTT, LLC — doing business as High 5 Games — serves the land-based, online, social and mobile gaming markets. Founded in 1995, the company has created hundreds of digital games played by millions of players in more than 150 countries on six continents.
High 5 Games — which required larger space to accommodate its growth and is relocating to Downtown from Union Square — will occupy its two-floor space at One World Trade Center in the second quarter of 2015. Their offices are being designed by Gensler and built by The Durst Organization.
Cushman & Wakefield records TAMI (technology, advertising, media and information) sector tenants as the most active sector of the Downtown office market, representing 33.9 percent of year-to-date leasing activity.
With the High 5 Games transaction — the ninth lease to be signed at One World Trade Center in 2014 — the 3.0-million-square-foot office tower is now more than 61 percent leased and is at 70 percent of the projected stabilized net operating income (NOI), with 1.86 million square feet leased.
“The signing of High 5 Games to two full floors underscores One World Trade Center’s powerful appeal to digital and creative firms,” said Jonathan (Jody) Durst, president of The Durst Organization. “As the most innovative building in the world, One World Trade Center is the ideal location for High 5 Games, a sophisticated, entrepreneurial firm with global reach.”
“Redevelopment of the World Trade Center campus was designed with a particular vision in mind, that Lower Manhattan — with One World Trade Center at its heart — would become a vibrant community attracting tenants from a wide array of business sectors,” said Port Authority Executive Director Pat Foye. “High 5 Games is yet another example of Downtown’s continuing renaissance, attracting the best creative companies and the brightest talent.”
Among its gaming options, High 5 Games operates High 5 CasinoTM. With ten million downloads, High 5 CasinoTM is the highest-rated social casino on Facebook. The company also operates Shake the Sky CasinoTM, which is the largest Asian-themed social casino with more than 500,000 monthly players.
“I am proud to make High 5 Games one of the first tenants at WTC. Internally, we’re already calling our new home the World Game Center, a pivotal location for commerce, trade and now gaming,” said Tony Singer, Founder and CEO at High 5 Games.
“Joining anchor tenant Condé Nast at One World Trade Center, the signing of High 5 Games demonstrates that digital and other creative firms have a tremendous appetite for state-of-the-art glass and steel towers with world-class amenities,” said Cushman & Wakefield executive vice chairman Tara Stacom, who leads the firm’s leasing team on behalf of the tower.
“High 5 Games joins Microsoft, Salesforce, SAP, and other leading tech firms who in various markets throughout the United States continue to sign major leases in newly constructed office towers. These wonderful, efficient skyscrapers with copious light, air, and views enhance employee productivity and morale, are often built near major transportation hubs, and have the ability to provide expansion space to accommodate tenant growth.”
Ownership was represented on the transaction by Eric Engelhardt, Vice President and Director of Leasing at One WTC for The Durst Organization, and by a Cushman & Wakefield team led by Tara Stacom that includes Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty. Jessica Berkey, Laurence Briody, Christopher Mansfield, Scott Sloves and Sacha Zarba of CBRE, represented High 5 Games.
Publishing giant Condé Nast, the property’s anchor tenant, recently began occupying the space that will ultimately encompass nearly 1.2 million square feet between the 20th and 44th floors as the company’s global headquarters.