BounceX Moving to 79K SF at 1 World Trade Center
BounceX has inked an 11-year lease for 79,118 square feet on the 74th and 75th floors of the 104-story tower co-owned by the Durst Organization and the Port Authority of New York & New Jersey, according to a press release from the landlords.
“We are thrilled BounceX is relocating their New York office to One World Trade Center,” Jonathan “Jody” Durst, the president of Durst Organization, said in a statement. “Companies choose 1 World Trade Center because the building fosters innovation and attracts growing companies that thrive in our energetic and creative environment.”
The move will more than double BounceX’s New York offices from its current 31,000 square feet at the New York Times Building at 620 Eighth Avenue between West 40th and West 41st Streets, according to the release. A spokesman for Durst Organization would not provide the asking rent, but The New York Post, which first reported on the deal, said it was $69 a square foot.
CBRE’s David Hollander and Scott Bogetti (now at Savills Studley), represented BounceX in the deal, while Cushman & Wakefield’s Tara Stacom, Justin Royce, Peter Trivelas, Barry Zeller and Connor Daugstrup handled the deal for the landlord along with Durst’s Eric Engelhardt.
“BounceX quickly outgrew its space on Eighth Avenue and was seeking a prominent office building where they could expand into and remain for the long term,” Hollander said in a statement.
Royce said in a statement that BounceX “will be a great addition to the 1 World community.”
The company was founded in 2012 by Ryan Urban, starting in an incubator at 137 Varick Street, and moved to 620 Eighth Avenue in 2015, as Commercial Observer previously reported.
“We’ve built a brand on authenticity, so it feels right that we are in an iconic New York building with an incredible design plan,” Urban said in a statement. “The energy the moment you walk in is indescribable. You’re literally on top of the world and feel like you can take on anything.”
BounceX will join publisher Condé Nast, digital advertising company Undertone and strategic consultancy firm Global Risk Advisors in the 3.1-million-square-foot 1 WTC.