NEW YORK CITY—Two new leases have been signed at One World Trade Center, one illustrating the growing nature of the TAMI sector and the other providing a glimmer of hope on the financial services front.
“Ecommerce-for-content” software provider Tinypass has leased 4,936 square feet of prebuilt space on the 46th floor for a five-year term and Casablanca Capital LLC—an SEC-registered investment advisory firm that pursues activist and event equity strategies on behalf of its clients—is leasing 2,488 square feet of build-to-suit space on the 46th floor for a five-year term.
The Durst Organization, which handles leasing and operations at the building,was represented in-house by Karen Kuznick, assistant leasing manager, as well as by Cushman & Wakefield. Tinypass was represented by Freddie Fackelmeyer, Zachary Price and Christopher Corrinet from CBRE. Casablanca Capital was represented by Peter Simel and James Emden of Colliers International.
TAMI firms now comprise nearly half of One WTC's leaseholders, demonstrating the appeal of both Downtown and of the amenities and flexibility of new construction. Downtown has seen a surge in the presence of TAMI firms. In 2004, TAMI tenants accounted for 13.4% of all new leases signed in Lower Manhattan. By 2014, the figure had risen to 30%.
“One World Trade Center has widespread appeal because of its flexible office space, proximity to a talented workforce, and excellent access to transportation,” says Kuznick. “We are building a diverse and dynamic tenant roster.”
“Our growing ranks of tenants appreciate that One World Trade Center offers a one-of-a-kind identity that carries instant branding value worldwide,” adds Cushman executive vice chairman Tara Stacom, who leads the firm's leasing team of Alan Stein, James Searl and Justin Royce, along with Jodi Pulice of JRT Realty. “This universally recognized property is an ideal fit for companies looking for a setting that is both efficient and inspiring.”
Durst has set aside a total of 141,514 square feet on the 45th, 46th and 47th floors to accommodate the requirements of small-space tenants from a variety of sectors. Suites with pre-built and build-to-suit high-end finishes are available in sizes ranging from 2,000 to 20,000 square feet.
Other TAMI tenants include High 5 Games, a global digital gaming company, which has leased 87,663 square feet; xAd, a technology advertising firm, is leasing a full, 43,849-square-foot floor. Incandescent Technologies, which provides information management consulting services to financial institutions, is leasing built-to-suit and ad agency KiDS Creative, LLC is planning to lease pre-built space.
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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.
