Skidmore, Owings & Merrill designed the 104-story, three million square-foot One World Trade Center, located at 285 Fulton St. Its construction was completed in 2013.

Condé Nast moved into the building in the fall of 2014 attracting nationwide attention. The company's actions helped reshape the image of Lower Manhattan, signifying an arrival of the cultural and creative sector. It also helped boost confidence and style in the neighborhood that bore the history of the harrowing, tragic events of 9/11.

That was the sign of the times when the famed publisher brought 18 magazine titles from its Times Square office to what was the most high-profile office building in the country and arguably the world. But to reduce costs, last year the media company hired JLL to sublease as much as 350,000 square feet of its 1.2 million square feet of leased space at One WTC.

The One WTC building is owned by the Port Authority of New York and New Jersey and the Durst Organization. Durst also owns 4 Times Square, the location which Condé Nast left in its last relocation. The Real Deal had reported that to facilitate the move, the Port Authority was covering Condé Nast's Time Square lease that had been set to expire this month. TRD also reported BMO Capital Markets had leased 215,000 square feet at 4 Times Square. BMO will occupy the space Condé Nast had vacated, and the five floors of law firm Skadden which plans to head over to Hudson Yards.