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Nasdaq to Move One Liberty Plaza Staff to 1500 Broadway

NEW YORK CITY-In a long-planned move that will lodge Nasdaq's headquarters cheek-by-jowl with its neon-slathered MarketSite Tower in Midtown, the firm will move from two floors of Downtown office space to the Times Square Studios building.

By Glen Thompson | Updated on March 11, 2002

NEW YORK CITY-Nasdaq Stock Market has confirmed for GlobeSt.com that it is ironing out the details on a deal to move from One Liberty Plaza to a new Times Square headquarters space. The firm will set up shop at 1500 Broadway, located on the corner of 43rd Street and just steps away from its flashy MarketSite Tower in the fully occupied Conde Nast building at 4 Times Square.

“Negotiations aren’t final but we are focusing on that address,” company spokesperson Mike DeMeo tells GlobeSt.com, adding, “A little more than 120 Nasdaq employees will be moving into 1500 Broadway.” The firm currently has 127 employees working in its Downtown offices. No timeframe for the move has been released and details of the lease are being kept under wraps but Nasdaq is said to be negotiating a long-term deal on four floors at the 33-story tower.

Still unclear is what is in store for the two floors at Brookfield Properties’ One Liberty Plaza that Nasdaq occupies under a sublease from its parent company, the National Association of Securities Dealers. Nasdaq is “currently in the process of splitting off from NASD,” a Nasdaq spokesperson said yesterday. The company relocated from Washington to the 160,000-sf NASD sublet as part of the breakup, but company officials say the One Liberty Plaza sublet was a stopgap measure and that a permanent Midtown headquarters was never in doubt. NASD leases 230,000 sf on five floors at One Liberty under a long-term agreement with Brookfield. A Brookfield spokesperson would not comment on the deal.

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