Leases  ·  Office

Artificial Intelligence Company, Investment Advisers Sign 26K SF in Leases at 1 WTC


Two more tenants are taking advantage of 1 World Trade Center’s prebuilt office space.

Life settlement fund manager Corry Capital Advisors has leased 7,945 square feet for five years on part of the 76th floor, as the The New York Post was the first to report. The investment advisory firm has already decamped Macklowe Properties’ 510 Madison Avenue for its new digs in the 104-story office tower owned by Durst Organization and the Port Authority of New York & New Jersey, according to its website. CCA was represented in-house when it inked the deal.

SEE ALSO: Greenbrook and Frontify Each Take 8K SF at 625 Broadway

“We are delighted to join a diverse and strong community at 1 World Trade Center,” said William Corry, the founder and general manager of Corry Capital, in a press release from the landlord. “While we conducted business in the Plaza District for many years, as soon as we set our sights on relocation, [1 WTC] was the only clear option. The building overshadows any other in Midtown, and Lower Manhattan is experiencing phenomenal growth in the private equity sector.”

And Asapp, which specializes in building software using artificial intelligence and machine learning, will soon move from a temporary space on the 83rd floor to 18,366 square feet on the 80th floor. Alexander Schwartz of Hudson Real Estate Partners represented the company in the four-year lease. Schwartz didn’t immediately return a request for comment.

Asking rents were $75 on the 76th floor and $80 on the 80th floor, according to Durst.

The landlord was represented in both deals by Tara Stacom and her team at Cushman & Wakefield (CWK) and in-house by Karen Kuznick of Durst. C&W did not immediately return a request for comment.

“Our prebuilt program at 1 World Trade Center has attracted prestigious companies in a variety of industries,” said Jonathan Durst, the president of Durst Organization, in prepared remarks. “And we are extremely pleased to have Corry Capital and Asapp join our tenant roster.”

The prebuilt program at 1 WTC spans 381,668 square feet across nine floors. It offers suites ranging in size from 2,100 to 27,320 square feet. Durst has successfully leased more than half of the prebuilts to 27 tenants over course of the four-year-old program, with 16 spaces remaining.