The Durst Organization signed three new leases totaling more than 10,000 s/f in size at One World Trade Center. All three chose space in the prebuilt/build-to-suit program implemented by the Durst Organization last year.
Decryptex, which works with compliance professionals in the financial services sector to identify potential issues and risks, will occupy 4,156 s/f pre-built space on the 47th floor under a five-year lease.
Considered America’s leading financial data laboratory, the company deploys complex search algorithms and proprietary methodologies to help financial institutions meet their compliance needs.
Town Square Trading, an electronic trading company specializing in emerging markets, is taking 3,510 s/f of prebuilt space on the Class-A tower’s 45th floor for a five-year term.
The firm’s engineers, statisticians, mathematicians, and computer scientists are experts in financial markets and trading algorithms, with specialized knowedge in high-frequency trading and statistical arbitrage.
ValueWorks, a financial advisory firm focused on value investing, has signed a ten-year lease for 2,995 s/f of build-to-suit space on the 84th floor.
Durst has set aside a total of 212,420 rentable square feet on the 45th, 46th, 47th, 83rd and 84th floors to accommodate small-space tenants from a variety of sectors.
The suites feature a variety of layouts and high-end finishes and are available in sizes ranging from 2,000 to 20,000 s/f. “The market continues to respond very favorably to our prebuilt/build-to-suit program,” said Karen Kuznick, assistant leasing manager at The Durst Organization.
“One World Trade Center is steadily attracting a healthy mix of large and small firms, and interest remains high in this one-of-a-kind property.”
“One World Trade Center sets a new international standard for quality and design,” said Beth Wolfowitz, Port Authority Director of Leasing and Development for the World Trade Center Redevelopment Department. “This remarkable building has been embraced as the inspiring centerpiece of the World Trade Center campus, and businesses of all sizes want to be part of this success story.”
“Tenants of One World Trade Center gain a huge degree of added marketing value because of the building’s unsurpassed prestige and prominence,” said Cushman & Wakefield Executive Vice Chairman Tara Stacom.
“This unique property also offers highly flexible design features and unparalleled views, all situated in the heart of New York’s newest and most exciting live-work-play environment.”
The Durst Organization was represented in-house on the three new transactions by Karen Kuznick as well as by a Cushman & Wakefield leasing team led by Stacom. Decryptex was represented by Gere Ricker of MB Real Estate. Town Square Trading was represented by Dan Wilpon, Sam Spillane, and James Einstein of CBRE. ValueWorks was represented by Brad Needleman of CBRE.