Startup Celonis Takes a Floor at 1 WTC
Celonis, a startup that builds artificial intelligence-driven corporate software, has leased the 87th floor at 1 World Trade Center.
By Rebecca Baird-Remba February 12, 2020 5:06 pm
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Celonis, a startup that builds artificial intelligence-driven software to make corporate processes more efficient, has leased a full floor at 1 World Trade Center.
The company, which was recently valued at $2.5 billion, inked a 7.5-year lease for 34,328 square feet on the entire 87th floor of the 104-story building, according to an announcement from landlords Durst Organization and the Port Authority of New York & New Jersey. Asking rent for the space was $85 per square foot, according to a Durst spokesman. The deal, which was first reported by The New York Post, brings the building up to 85 percent leased.
Celonis, which launched in Munich in 2011, is moving their headquarters from 119 West 40th Street in Midtown. The firm specializes in developing “process mining” software that allows large companies like Siemens, 3M, Airbus and Vodafone to trade data on how their internal software works and how it could be improved.
JLL (JLL)’s Kirill Azotsev, Calum Waddell and Seth Godnick represented Celonis in the transaction. Eric Engelhardt and Karen Kuznick of Durst Organization handled the transaction in-house for the owners, along with Newmark (NMRK) Knight Frank’s David Falk, Jason Greenstein, Peter Shimkin, Hal Stein and Travis Wilson.
Ric Evans, the global head of workplaces at Celonis, said that he was “confident that the world-class facilities at One World Trade will be a welcoming home to our rapidly expanding workforce and our ever-growing US customer base.”
Durst also recently inked four new deals for smaller tenants at 1 WTC, including preventative medical facility Princeton Longevity Center, biotech company Ichnos Sciences, chemical coatings research firm Pison Stream Solutions and investment manager DADA Holdings, as CO noted last week.
“The building continuously attracts new tenants to the property, and due to the flexible prebuilt program, many of the innovative tenants whom we welcomed just a few years ago have already expanded and grown within the building,” said Durst Organization President Jonathan “Jody” Durst in a statement.
