Durst Replaces C&W’s Tara Stacom With NKF’s David Falk at 1 WTC


After 12 years of handling leasing at 1 World Trade Center, Cushman & Wakefield (CWK) has been replaced by Newmark (NMRK) Knight Frank, Commercial Observer has learned.

Led by Tara Stacom, the C&W team leased 2.3 million square feet at the tower, but Durst Organization and the Port Authority of New York & New Jersey have selected NKF’s David Falk, Peter Shimkin, Hal Stein, Andrew Peretz, Jason Greenstein and Travis Wilson for the final phase, as per a press release the landlords provided exclusively to CO.

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Durst was looking for “fresh eyes,” to lease up the final quarter of the 104-story, 3.1-million-square-foot building, a source with knowledge of the deal said. (Durst is part owner, manager and leasing agent of the building.)

“As we enter the final phase of the lease-up campaign of 1 World Trade Center, we look forward to working with Newmark Knight Frank, another talented and dedicated team,” Eric Engelhardt, Durst’s senior managing director of leasing at the property, said in a prepared statement. “The building has become a diverse hub for technology, advertising, media, fintech, biotech and a center of opportunity where companies expand and thrive. We are excited to leverage Newmark’s expertise in these sectors.”

Stacom along with Justin Royce, Barry Zeller, Peter Trivelas and Connor Daugstrup sealed leases with more than 45 companies, ranging in size from 2,000 square feet to 1.2 million square feet. Those tenants include Code & Theory, Kensho Technologies, Piano, Sailthru, ASAPP and digital workout app maker Aaptiv, which signed a nearly 17,000-square-foot lease at the end of March, as CO previously reported.

Stacom said in the release that she believes that along with Durst “our teams have set the bar for current and future success for 1 World Trade Center.”

A spokeswoman for NKF didn’t respond to a request for comment.