NEW YORK CITY—The Durst Organization has signed content solutions company High 5 Games to a 15-year lease for the entire 58th and 59th floors of One World Trade Center. The two floors total 87,663 square feet.
High 5 Games — which required larger space to accommodate its growth and is relocating to Downtown from Union Square—will occupy its two-floor space at One World Trade Center in the second quarter of 2015. Their offices are being designed by Gensler and built by Durst.
The company's move Downtown is in keeping with the profile of tenants who've shifted into the area. Cushman & Wakefield records TAMI (technology, advertising, media and information) sector tenants as the most active sector of the vibrant Downtown office market, representing nearly 34% of year-to-date leasing activity.
With the High 5 Games transaction—the ninth lease to be signed at One World Trade Center this year—the iconic, three-million-square-foot office tower is more than 61% leased and has reached 70% of the projected stabilized net operating income, with 1.86 million square feet leased.
“The signing of High 5 Games to two full floors underscores One World Trade Center's powerful appeal to digital and creative firms,” says Jonathan (Jody) Durst, president of Durst.
Adds Tara Stacom, Cushman & Wakefield executive vice chairman, who leads the firm's leasing team on behalf of the tower, “Joining anchor tenant Condé Nast at One World Trade Center, the signing of High 5 Games demonstrates that digital and other creative firms have a tremendous appetite for state-of-the-art glass and steel towers with world-class amenities. High 5 Games joins Microsoft, Salesforce, SAP, and other tech firms who in various markets nationwide continue to sign major leases in newly constructed office towers.”
She continues, “These efficient skyscrapers with copious light, air, and views enhance employee productivity and morale, are often built near major transportation hubs and have the ability to provide expansion space to accommodate tenant growth.”
Ownership was represented on the transaction by Eric Engelhardt, VP and director of Leasing at One WTC for The Durst Organization, and by a Cushman & Wakefield team led by Tara Stacom that includes Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty. Jessica Berkey, Laurence Briody, Christopher Mansfield, Scott Sloves and Sacha Zarba of CBRE represented High 5 Games.
The Durst Organization offers a pre-built/build-to-suit program at the Wrold Trade Center, setting aside a total of 94,000 square feet on the 45th and 46th floors for smaller companies. Suites are available in sizes ranging from 2,000 to 20,000 square feet.
Sayss Port Authority executive director Pat Foye. “High 5 Games is yet another example of Downtown's continuing renaissance, attracting the best creative companies and the brightest talent.”
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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.
