Software Developer Hyperscience Moves, Expands in 1 World Trade Center
Automation software developer Hyperscience has leased the entire 88th floor at 1 World Trade Center, landlords The Durst Organization and Port Authority of New York and New Jersey announced today.
The tech startup inked a 10-year lease for 34,382 square feet, nearly tripling its footprint in an upgrade from a smaller, 12,700-square-foot space on the 45th floor. Asking rent in the transaction was $80 a square foot.
“By design, we set aside specific floors at [1 World Trade Center] for pre-built suites with the expectation of tenant expansion,” Durst President Jonathan “Jody” Durst said in a statement. “This approach has assisted tenants, like Hyperscience, to quickly set up shop and expand their presence within the building when the time is right.”
David Falk of Newmark, and Eric Engelhardt and Karen Kuznick of Durst, represented the landlords. Steven Rotter, Brad Lane and Kyle Riker from JLL handled the transaction on behalf of the tenant.
Charlie Newark-French, COO at Hyperscience, said that the firm expanded to accommodate its growing workforce and employees’ desire to come into the office while also remaining socially distanced.
“Our people are our most valued asset and maintaining a level of flexibility that includes creating environmental options to help fuel collaboration and community is of the utmost importance,” he said in a statement.