Consulting Firm Vidaris Moving HQ to Durst’s One Five One in Midtown
By Celia Young July 16, 2021 2:21 pm
reprints
Building consulting firm Vidaris is moving up the Midtown Manhattan borough to 19,000 square feet at the Durst Organization’s One Five One, also known as 151 West 42nd Street, Commercial Observer has learned.
The consulting service provider signed a 10-year lease for space on the 24th floor of the Theater District building, formerly known as the Condé Nast building. Asking rent was $95 per square foot, according to a representative from the Durst Organization.
“Vidaris is an exciting addition to One Five One,” Jonathan “Jody” Durst, president of the Durst Organization, said in a statement. “We are honored that a company that has contributed so much to the advancement of high-performance and sustainable buildings has chosen One Five One as their new home.”
The deal, finalized last week, means that Vidaris will relocate is headquarters from the 21-story 360 Park Avenue South in December. The space was previously occupied by Skadden, Arps, Slate, Meagher & Flom, which left in May 2020 for One Manhattan West. In 2019, Skadden was the second-largest tenant of One Five One, formerly known as Four Times Square and the Condé Nast building; Condé Nast was the anchor tenant of the 1.8 million-square-foot tower until the media company relocated to 1 World Trade Center in 2014.
Vidaris will join video hosting service Vevo; BMO Capital Markets; SS&C Technologies; and Nasdaq, which occupies 180,000 square feet in the building, CO reported. Video-sharing app TikTok took 232,000 square feet in the tower in May 2020, one of the largest leases signed last year.
The Durst Organization’s Tom Bow, Rocco Romeo and Lauren Ferrentino handled Vidaris’ deal in-house for the landlord and the tenant, according to the representative from Durst.
Celia Young can be reached at cyoung@commercialobserver.com.
