McKinsey & Company to Relocate HQ From Midtown East to 3 WTC
By Liam La Guerre May 16, 2018 2:30 pmreprints
McKinsey & Company, the global consulting company, has signed a 186,000-square-foot deal at Silverstein Properties’ 3 World Trade Center to relocate its headquarters from Midtown East.
The company will occupy the entire 60th through 64th floors of the 80-story skyscraper, and it will have a private outdoor terrace on the 60th floor of the building. The asking rent in the 15-year transaction was in the $80s per square foot, according to a source familiar with the deal.
McKinsey is relocating from 55 East 52nd Street between Park and Madison Avenues. It will shift 900 executives over to the new digs, according to The New York Post, which first reported news of the deal.
A CBRE team of Paul Myers, Jason Gorman, John Nugent, Munish Viralam and Adele Huang handled the deal for McKinsey. And Silverstein’s Jeremy Moss negotiated the lease for the landlord in-house alongside a separate CBRE team of Mary Ann Tighe, Stephen Siegel, Ken Meyerson, Evan Haskell, Adam Foster, Stephen Eynon, Robert Hill and David Caperna.
The CBRE brokers on both sides declined to comment via a spokeswoman, while Moss declined to comment via a Silverstein spokesman. A McKinsey spokeswoman declined to provide a statement or details about the transaction.
The 2.5-million-square-foot 3 World Trade Center is set to open next month, as CO previously reported. GroupM, which is the building’s anchor tenant, is already building out its roughly 700,000-square-foot offices at the tower.