Nearly 100K S/F Set Aside for Smaller Tenants at One WTC
Gus Delaporte Sept. 23, 2013, 11:05 a.m.
The Durst Organization has set aside two floors totaling 94,000 square feet for a pre-built and build-to-suit program at One World Trade Center, the developer announced today.
The program—located on floors 45 and 46—is designed to accommodate up to 18 tenants. The two floors are being subdivided in to smaller spaces between 2,000 and 20,000 square feet.
Construction of prebuilt spaces will start in early 2014 with occupancy expected to begin January 1, 2015. The build-to-suit program will offer tenants customized construction and finishes based on specific needs.
“There is demand, from across the globe, from large multinational companies to establish a presence at One World Trade Center,” said Eric Engelhardt, vice president, director of leasing at One WTC, in a prepared statement. “These potential users need a New York flagship at a building with a globally recognized address that speaks to their international reach and prestige.”
Expected to open in 2015, One WTC is 55-percent leased and boasts Condé Nast as an anchor tenant. The magazine publisher has taken 1.2 million square feet at the building for its global headquarters and is expected to take possession in January 2014.
A Cushman & Wakefield leasing team led by Tara Stacom is marketing space in the building in partnership with the Durst Organization.
“The pre-built program provides an opportunity for a smaller tenant to immediately occupy space in a prominent building,” Ms. Stacom added in the statement. “We will also build space tailored to a tenant’s specific needs.”