Leases  ·  Office

Artificial Intelligence Company IPsoft Takes 27K SF in Sub-Sublease at 7 WTC


Fresh off of its announcement that it was deploying new artificial intelligence technology, IPsoft has signed a sub-sublease for office space at 7 World Trade Center, Commercial Observer has learned.

The company inked a 27,199-square-foot sub-sublease for roughly two-thirds of the 32nd floor of the tower, which has an official address of 250 Greenwich Street between Barclay and Vesey Streets. IPsoft is taking the space from currency trading firm FXDD and has already moved into its new offices, according to Savills Studley, which represented the sublandlord in the deal.

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Scott Weiss of Savills Studley, who represented FXDD in the transaction, said through a spokesman that the company was drawn to the readily usable space, not to mention the views it offered. He declined to provide the asking rent in the deal. Rob Lowe of Cushman & Wakefield (CWK) represented the IPsoft and did not immediately return a request for comment via a spokesman.

FXDD signed a 40,717-square-foot sublease at the 1.7-million-square-foot tower in November 2009, as CO previously reported. ABN AMRO had previously leased that space yet did nothing with it, CO noted seven years ago. It became free for the taking when the company was bought by the Royal Bank of Scotland. FXDD’s sublease runs through November 2022, according to CoStar Group.

IPsoft’s main headquarters isn’t too far away: the company leases about 98,000 square feet at the RFR Realty-owned 17 State Street at the corner of Pearl Street. The company first moved into 12,700 square feet at that building in 2003, CoStar indicates. After a series of smaller expansions, it  

In May, the company announced it was partnering with consulting management firm Accenture. Under the plan, IPsoft would begin integrating its artificial intelligence software Amelia—sort of a more empathetic version of Apple’s Siri—into the services offered by Accenture, Business Insider reported at the time.