NEW YORK CITY—The Durst Organization has signed Cushman & Wakefield, the world's largest, privately held commercial real estate services firm, to a ten-year, 10,222-square-foot lease on the 45th floor of One World Trade Center.
The space will serve as the company's Downtown headquarters. Cushman & Wakefield—whose world headquarters is situated in Manhattan at 1290 Avenue of the Americas—assumed occupancy on September 1.
With the closing of this transaction, the iconic, 3.0-million-square-foot office tower is now nearly 58% leased.
“One World Trade Center and Cushman & Wakefield are an excellent fit because both carry brands that resonate around the globe,” says Jonathan (Jody) Durst, president of The Durst Organization. “Cushman & Wakefield is a world-renowned real estate company taking space at the world's premier business address.”
“This transaction with Cushman & Wakefield underscores the diversity of tenants, both domestic and international, who seek office space at One World Trade Center,” adds Port Authority acting director of WTC redevelopment Beth Wolfowitz. “One WTC is attracting world-class tenants who appreciate its proximity to exceptional public transit, retail shops and restaurants that are part of the revitalized Lower Manhattan.”
“We are thrilled to have Cushman & Wakefield's Downtown office located at One World Trade Center, and extremely proud to take part in the renaissance of Lower Manhattan by establishing operations in this globally recognized, iconic property,” asserts Ron Lo Russo, President, NY Tri-State Region, Cushman & Wakefield.
“One World Trade Center offers access to an extensive transportation network, proximity to a talented workforce, first-rate amenities, and a globally known brand,” adds Cushman & Wakefield executive vice chairman Tara Stacom, who leads the firm's leasing team on behalf of the building. “Moreover, this distinctive property is anchoring Lower Manhattan's rapid transformation from a financial center to an exciting and diversified, 24/7 community.”
The Durst Organization was represented on the transaction by Eric Engelhardt, the company's VP and director of leasing at One WTC. Lo Russo represented Cushman & Wakefield.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
