Data Analyzing Firm Moving to Pre-Built Space at 1 World Trade Center
By Liam La Guerre November 2, 2015 11:54 am
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Decryptex Financial Laboratories has signed a five-year lease for 4,156 square feet of pre-built space at the 104-story 1 World Trade Center.
The company, which provides data analysis to help firms identify financial risks and meet compliance needs, will occupy part of the 47th floor of the tower, as The Wall Street Journal first reported. The asking rent in the deal was not immediately available. But the average asking rent in 1 World Trade Center is $81 per square foot, according to a recent Savills Studley report.
Decryptex has its current offices at 222 Broadway between Fulton and Ann Streets, also in the Financial District. It wasn’t immediately clear if the company would be relocating. Gere Ricker of MB Real Estate represented Decryptex in the transaction. Mr. Ricker did not return a request for comment.
Durst Organization owns the more than 3-million-square-foot office building with the Port Authority of New York & New Jersey.
“The market continues to respond very favorably to our pre-built and build-to-suit program,” said Karen Kuznick, who represented Durst in-house along with Cushman & Wakefield’s Tara Stacom, in prepared remarks.
Ms. Kuznick added: “1 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.”
The building has more than 212,000 square feet of space between the 45th to 47th floors and the 83rd and 84th floors for tenants that require smaller footprints. Recently, Town Square Trading signed for a 3,510-square-foot space on the 45th floor and ValueWorks signed a 10-year deal for nearly 3,000 square feet on the 84th floor.
Global publishing giant Condé Nast anchors 1 World Trade Center with its 1.2-million-square-foot headquarters spanning the 20th to 44th floors.
