NYC’s One World Trade Center Filling Up Fast

NYC’s One World Trade Center Filling Up Fast

The Big Apple’s brand new One World Trade Center building is filling up fast, as real estate giant Cushman & Wakefield joins a host of well-known business tenants in the unique and culturally iconic building.

On Friday, September 5th, the Durst Organization and the Port Authority of New York and New Jersey announced a 10-year lease at the One World Trade Center with Cushman & Wakefield, one of the largest privately owned commercial real estate companies worldwide. Durst also noted that the Cushman & Wakefield lease meant the OWTC was now 58% preleased.

Mohnish Pabrai On Uber Cannibals And Henry Singleton

At the end of October, the value investor Mohnish Pabrai gave a presentation and took part in a Q&A session at Boston College and Harvard Business School on the Uber Cannibal Investor Framework, which he has developed over the past decade. Uber Cannibals are the businesses “eating themselves by buying back their stock,” the value Read More

Statement from Port Authority

Commenting on signing another lease with a top-tier client, Port Authority acting director of World Trade Center development Beth Wolfowitz said, “This transaction with Cushman & Wakefield underscores the diversity of tenants, both domestic and international, who seek office space at One World Trade Center”.

Details on the One World Trade Center

The One World Trade Center, a 1,776-foot tower, is the tallest building in the United States, and was formerly known as the ‘Freedom Tower’. The building will be open for business in a few months after the anchor tenant Conde Nast moves in to the tower.

Anchor tenant Conde Nast leased more than 1.2 million square feet of office and IT space from the 20th to the 44th floors.

Knowledgeable sources have also revealed leasing deals for federal government agencies, Australian tech company Servcorp, ad agency KiDS Creative, Legends Hospitality, who will manage the observation deck, as well as China Center New York LLC.

More on Cushman & Wakefield

In the lease deal announced today, commercial real estate titan Cushman & Wakefield is renting the majority of the 45th floor of the One World Trade Center, and the space will become the firm’s new headquarters in downtown NYC. The famous real estate company was founded back in 1917 by John Clydesdale and Bernard Wakefield. The firm has employs or contracts with more than 16,000 professionals working at 250 different offices over 60 countries across the globe.

No posts to display